A third-party risk management program is essential to mitigating the risks of outsourced business relationships. However, creating and implementing a program can be an overwhelming process. It includes developing a policy, processes, and procedures, identifying roles and responsibilities needed, and implementing TPRM activities.
This checklist for creating and implementing a third-party risk management program is designed to help you identify, assess, manage, and mitigate third-party risks. Follow these practical steps to get your program started.
Download this checklist to learn:
- Steps to defining your TPRM program and goals
- Key governance documentation to create
- Lifecycle steps to follow in TPRM
- Tasks for continuous improvement
