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Achieving a sustainable level of third-party risk management maturity requires three essential components. Read this post to discover "The Three Ts" behind successful TPRM, and learn which to focus on first!
To build a third-party risk management (TPRM) program and move it to greater levels of maturity, you must do these 5 things.
Three ingredients are essential to a well-designed TPRM program. How does your program stack up?
Calculating inherent risk is more involved than asking a few onboarding questions before even engaging with the vendor. Know the difference between inherent risk and profile risk. Read the best practice here.
Our new best practices guide illustrates where to begin your program; how to ensure that it's scalable and adaptable to business changes; and what business outcomes to expect along your journey.