How to Use the RACI Method to Determine Third-Party Risk Management Responsibilities
Defining roles and responsibilities for your third-party risk management program is an essential step that provides structure and promotes a stronger work ethic throughout your organization. Once your stakeholders are identified and tasks are assigned, your program will be on the right path to success.
One of the most effective methods to use in this process is called RACI, which refers to identifying the individuals that are responsible, accountable, consulted, and informed for third-party risk management tasks.
Download the infographic and template to learn:
- How the RACI method keeps your third-party risk management program organized
- Tips to implementing the RACI method
- Examples of the RACI method in action
- How to implement the RACI method in your program with a customizable template