Third Party Risk Management Program Critical Capabilities

Look inside the Kanban:

Partner with the Enterprise Risk Management to define standards and processes and provide subject-matter expertise to oversee vendor information security risk and inform periodic audits of third-party service providers information security and business continuity controls.  

Benefits of the Third Party Risk Management Program Kanban 

1946 Ready to use prioritized Third Party Risk Management Program requirements, to:

• Embed risk management into existing business processes. 
• Ensure that data will not leak and privacy can be protected. 
• Start setting up the right systems that will work securely throughout a potential transaction. 
• Ensure that staff will handle the information securely. 
• Actively limit the business and legal risks related to non compliance with software licenses. 
• Ensure vendors have implemented security controls to mitigate third party risks. 
• Share information with vendors without being their security standard. 
• Ensure that enough partners will invest in security so that all the others will follow suit. 
• Evaluate the value and impact to the business if compromised. 
• Know if information risk practices are making a difference.  

Summary:

The Art of Service has identified and prioritized 1946 Third Party Risk Management Program critical capabilities and use cases to assess and use. Leaders can select those results that best align with their business needs before implementing a solution.

The Art of Service's Critical Capabilities evaluates and prioritizes hundreds of results to help with the outcome selection process.

This Critical Capabilities Kanban will enable leaders to shortlist hundreds of appropriate results fast, because they are uniquely ready-to-use prioritized, starting with the 'Must Have' category; the most urgent and critical priorities.

This Kanban will help you plan and manage your Third Party Risk Management Program roadmap.

• Transform the data into actionable views for your organization: business data changes, so how you view it should be flexible. Create the perfect view that's right for you.
• Put your workflows on autopilot: Help your team go faster and focus on what matters by automating your processes. Upload and use the Kanban with your favorite apps and services like Asana, Aeratable, Basecamp, Monday.com, Atlassian, Trello etc.
• Knock down data silos: Align your teams around a single source of truth with real-time data from different sources. Point. Click. Stay in Sync.
• Use it's flexible reporting for your unique use case: Whether you're "no-code" or you "know-code", the Kanban is the foundational tool to show what you want to who needs to see it.  

Included in your instant download purchase are the following digital products:

As seen in the Kanban above, the complete 1946 Third Party Risk Management Program critical capabilities and use cases, their prioritization, workflows, tagging and questions. 

The download is available as an easy to re-use Excel format, which you can use as is, or import in any management tool of your choice, like Monday.com, Atlassian, Smartsheet, Power BI, Asana, Aeratable etc. 

 Also included is the Third Party Risk Management Program critical capabilities Book in PDF format covering all the criteria including ideas for (potential) roles to assign the criteria to. Table of contents:

About The Art of Service 

Third Party Risk Management Program Critical Capabilities, Meaningful Metrics And Their Prioritization 

Background 

Prioritization Of Requirements 

The Prioritization Categories Are: 

• Must Have 
• Should Have 
• Ought to Have 
• Might Have 
• Could Have 

Use In New Product/Service/Process Development  

Benefits 

The Critical Third Party Risk Management Program Capabilities And Their Priorities: 

• Priority - Must Have # 
• Priority - Should Have #
• Priority - Ought to Have # 
• Priority - Might Have # 
• Priority - Could Have #