Building a Business Case for Third Party Risk Management

You’re building a business case to show expected improvement over your current state. The first step is to understand what areas of your program you’re trying to improve. The more “before” data you have here, the better.

If you expect to source a vendor risk management tool in the future, you should start measuring now, so you have some metrics to use in your business case.

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Staying a Step Ahead of Third-Party Risk
Staying a Step Ahead of Third-Party Risk

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Third-Party Risk Management Maturity Model
Third-Party Risk Management Maturity Model