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Shared Assessments CTPRP Dumps

Exam Code:
CTPRP
Exam Name:
Certified Third-Party Risk Professional (CTPRP)
Last Update: Oct 4, 2024
125 Questions with Explanation
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Certified Third-Party Risk Professional (CTPRP) Practice Questions

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CTPRP FAQs

Obtaining the Shared Assessments CTPRP certification can lead to career advancements such as higher-level positions in risk management, enhanced roles in vendor management, increased job security, and recognition as an expert in third-party risk assessment and mitigation.

The CTPRP exam focuses on third-party risk management and assessment, while Microsoft certification exams concentrate on proficiency in Microsoft technologies, software, and services, each catering to distinct professional fields.

The CTPRP certification enhances job opportunities in risk management by validating expertise in third-party risk assessment, making candidates more attractive for roles requiring comprehensive risk evaluation and mitigation skills.

The Shared Assessments CTPRP certification enhances professional credibility by validating specialized knowledge in third-party risk management, demonstrating a commitment to industry best practices, and showcasing expertise in identifying, assessing, and mitigating risks, thereby gaining trust from employers and clients.

Job roles that benefit most from obtaining the CTPRP certification include risk managers, compliance officers, vendor risk analysts, IT security managers, and procurement professionals. These roles leverage the certification to enhance their ability to assess and manage third-party risks effectively.

The CTPRP exam specifically focuses on third-party risk management, while the CRISC exam covers a broader range of IT risk management and control topics, including governance, risk response, and information systems control.

The CTPRP certification focuses on managing third-party risk at a programmatic level, while the CTPRA certification is more centered on conducting assessments and evaluating third-party risks in specific engagements.

The CTPRP exam emphasizes the development, implementation, and management of third-party risk programs, while the CTPRA exam is more focused on the practical assessment and analysis of third-party risks in individual projects.

With a CTPRP certification, you can pursue roles such as Third-Party Risk Manager, Vendor Risk Analyst, Compliance Officer, Risk Consultant, and Risk Management Lead in various industries.

The CTPRP certification can enhance career progression by demonstrating expertise in third-party risk management, making you a valuable candidate for senior roles in risk and compliance.

The average salary for professionals with a CTPRP certification typically ranges from $80,000 to $120,000 annually, depending on experience, industry, and geographic location.

Obtaining a CTPRP certification can offer enhanced job security by showcasing your specialized knowledge in third-party risk management, a critical area for organizations that engage with external vendors.

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Certified Third-Party Risk Professional (CTPRP) Questions and Answers

Questions 1

Which factor describes the concept of criticality of a service provider relationship when determining vendor classification?

Options:

A.

Criticality is limited to only the set of vendors involved in providing disaster recovery services

B.

Criticality is determined as all high risk vendors with access to personal information

C.

Criticality is assigned to the subset of vendor relationships that pose the greatest impact due to their unavailability

D.

Criticality is described as the set of vendors with remote access or network connectivity to company systems

Questions 2

Which cloud deployment model is primarily used for load balancing?

Options:

A.

Public Cloud

B.

Community Cloud

C.

Hybrid Cloud

D.

Private Cloud

Questions 3

Which statement BEST reflects the factors that help you determine the frequency of cyclical assessments?

Options:

A.

Vendor assessments should be conducted during onboarding and then be replaced by continuous monitoring

B.

Vendor assessment frequency should be based on the level of risk and criticality of the vendor to your operations as determined by their vendor risk score

C.

Vendor assessments should be scheduled based on the type of services/products provided

D.

Vendor assessment frequency may need to be changed if the vendor has disclosed a data breach