Starting or taking over a third-party risk management (TPRM) program can be a great career opportunity, especially as vendor data breaches and supply chain disruptions continue to make headlines. However, owning a TPRM practice is not for the faint of heart.
If you’re charged with running a TPRM program, then you may have hundreds or thousands of vendors, suppliers, and other partners to assess – each posing a unique set of risks to your organization. It’s no wonder that many third-party risk professionals have a tough time determining where to start, what to ask, and what to do with the results.
Prevalent is here to help. We’ve tapped into 17+ years of experience in third-party risk management to identify the most critical decisions you’ll need to make when establishing (or fixing) your TPRM program.
Start-Up Guide: 10 Steps to Building a Successful TPRM Program
This 13-page guide will help you navigate key decisions when starting (or fixing) your TPRM program.
Our new start-up guide, 10 Steps to Building a Successful Third-Party Risk Management Program, answers questions including:
From inventorying third parties and selecting the right assessment approach, to determining which vendors are the riskiest and evaluating their performance, this best-practice guide covers everything you need to start your TPRM program – or get it back on track.