Certified Implementation Specialist - Vendor Risk Management

Vendor Risk Management aims to ensure that vendors and third parties maintain a level of security that protects the organization from various risks. It involves assessing and managing the risks that arise from these interactions, which aligns with assessing and managing the risk from interactions with vendors and third parties. Additionally, helping vendors improve their security posture and preparedness can be an objective to mitigate risks. Other options like negotiating the best possible price or ensuring the profitability of vendors are not primary objectives of Vendor Risk Management.

The Vendor records are stored in the Company [core_company] table. This table is typically used for storing information about external organizations with which a business interacts, such as vendors. Therefore, Company [core_company] is the correct choice.

Internal roles within an organization are typically those that involve assessing, managing, or reviewing processes and risks internally, rather than interfacing directly with external entities. Vendor Risk Manager, Vendor Risk Assessor, and Vendor Risk Reviewer are roles that focus on managing and assessing risks at different levels within the organization. They are all internal roles as they are concerned with the internal management of vendor-related risks, rather than acting as points of contact with vendors.

Roles preceded by sn_vdr_risk are typically for the GRC: Vendor Risk Management scope. In ServiceNow, the prefix 'sn_vdr_risk' is associated with roles and functionalities specifically designed to manage vendor risks, making GRC: Vendor Risk Management the correct scope.

The System Administrator role is required for managing and configuring application settings, including selecting the correct update set and application scope. This role typically has the necessary permissions to make changes to the configuration of an application.