Proactively Identify and Mitigate Vendor Risk – Phase 2: Assess Vendor Risk and Define Your Response Strategy

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

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This phase will help you categorize, prioritize, and assess your vendor risks, followed by selecting appropriate response strategies to the most pertinent risks through the following activities:

  • Classify IT Vendors
  • Assess Vendor Risk and Plan Response

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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