What records inherit the Risk Scoring values from the Risk Statement?

Prepare for the ServiceNow Certified Implementation Specialist – Risk and Compliance Exam with our comprehensive quiz. Practice with multiple choice questions, gain insights, and boost your confidence for the exam day!

The correct choice, which indicates that Registered Risks inherit the Risk Scoring values from the Risk Statement, is grounded in the hierarchical structure of risk management within ServiceNow. When a Risk Statement is created, it serves as a foundational element that outlines the potential risks associated with a business process or function.

Registered Risks are derived from these Risk Statements and carry with them the attributes, including the Risk Scoring values. This inheritance ensures that any assessments, priorities, or categories established within the Risk Statement are reflected in the Registered Risks, facilitating a streamlined approach to risk management.

In cases where organizations need to quantify and prioritize their risks, deriving scores from Risk Statements allows for consistent and standardized evaluation. Therefore, when changes occur in the Risk Statement—such as updates to its description or scoring—those changes automatically propagate to the associated Registered Risks, maintaining alignment and accuracy in risk assessment practices.

Other choices do not inherit Risk Scoring values in the same way. For instance, the Risk Criteria Matrix and Risk Framework are tools for organizing and contextualizing risk but don't receive scoring inheritance directly from Risk Statements. Similarly, a Risk Response Issue relates to the action plans designed to mitigate risks but does not carry over the scoring values from the original Risk Statement. Thus, the

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy