Proactively Identify and Mitigate Vendor Risk – Phase 1: Review Vendor Risk Fundamentals and Establish Governance

Author(s): Scott Bickley, Aadil Nanji, Melody Peng

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This phase will review vendor risk fundamentals and establish a risk governance framework through the following activities:

  • Review IT Vendor Risk Fundamentals
  • Establish a Risk Governance Framework

Use this phase as part of the full blueprint, Proactively Identify and Mitigate Vendor Risk.

Tags

risk management, vendor risk management, IT procurement, risk strategy, IT risk, risk report, business continuity, responding to vendor risk, contract risk, security risk, financial risk, operational risk, performance risk, compliance, regulatory risk, third party risk, fourth party risk, threat, risk cost, risk severity, risk profile, risk assessment, risk event, vendor risk strategy, avoiding vendor risk

View the Complete Blueprint:

Proactively Identify and Mitigate Vendor Risk

Promote a collaborative approach to vendor risk management and guard against regulatory, security, operational, and financial risk.

Browse all Vendor Management

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