Overview of a Third-Party Risk Management Framework
Whether you're a business leader or an architect, it's important to realize that constructing anything, whether it's a software program or a physical building, requires the right support structure. This principle also holds true for the development of a third-party risk management (TPRM) framework. Attempting to tackle the task without adequate planning, documentation, or the right components can lead to costly and time-consuming repairs or revisions.