Assess your vendor and supplier risk management program maturity.
Our Third-Party Risk assessment evaluates your organization's ability to identify, assess, and manage risks arising from vendor and supplier relationships. This assessment covers the full vendor lifecycle from due diligence through ongoing monitoring and exit planning.
Evaluates the governance framework, strategic alignment, and organizational commitment to third-party risk management. Assesses board-level oversight, policy frameworks, resource allocation, and integration with enterprise risk management.
Assesses the organization's ability to maintain comprehensive inventories of third-party relationships, classify relationships based on risk and criticality, and identify concentration risks across the third-party portfolio.
Evaluates the organization's processes for assessing prospective third parties, conducting appropriate due diligence, and making risk-informed selection decisions based on defined criteria.
Assesses the organization's approach to negotiating, documenting, and managing contractual arrangements with third parties, including required provisions, service level agreements, and audit rights.
Evaluates the organization's capabilities for continuously monitoring third-party performance, risk indicators, and compliance throughout the relationship lifecycle.
Assesses the organization's approach to managing information security and data protection risks in third-party relationships, including security requirements, access management, and data handling.
Evaluates the organization's approach to ensuring third-party resilience, developing exit strategies, and maintaining contingency arrangements for critical relationships.
Assesses the organization's approach to managing risks arising from third-party subcontracting arrangements and extended supply chain dependencies.
Evaluates the organization's approach to TPRM reporting, independent assurance, regulatory compliance, and continuous improvement of third-party risk management capabilities.