Solution Description
Third-Party Risk Management (TPRM) is a vital component of any organization’s security and compliance program. As organizations continue to increase the number of third-parties they engage with to run their business, the risks associated with those relationships increase. An effective TPRM program can ensure that an organization is identifying relevant risks for each of their key suppliers, that the selection process for specific vendors incorporates a risk assessment process, and that risks are mitigated where possible.
Who Can Use This?
Third-Party Risk Management (TPRM) is a vital component of any organization’s security and compliance program. As organizations continue to increase the number of third-parties they engage with to run their business, the risks associated with those relationships increase. An effective TPRM program can ensure that an organization is identifying relevant risks for each of their key suppliers, that the selection process for specific vendors incorporates a risk assessment process, and that risks are mitigated where possible.
What’s Included
- Creation of custom objectives to manage third-party risk
- Creation and/or customization of a Vendor Risk Questionnaire
- Assessment of custom objectives to ensure compliance with relevant frameworks
- Identification of critical suppliers/vendors
- Initial risk assessment of current critical suppliers/vendors
- Creation of a risk mitigation and treatment plan
Additional add-on services include:
- Ongoing and annual risk assessments
Solution Delivery
Services are delivered remotely by experienced TalPoint experts. On-site services can be delivered at an additional cost to accommodate necessary travel and expenses.
Pricing Model
Services are delivered at a Fixed-Price model and based on defined outcomes. Exact pricing is dependent upon the number of relevant frameworks associated with the TPRM program, and the number of vendors to be assessed.
