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What Are Third-Party Policies, Programs, and Procedures?
CPE Credit Eligible
Third-party risk management (TPRM) governance documentation is the foundation for managing vendor relationships. The policy, program, and procedures define the rules, requirements, and expectations for your organizations TPRM program.
This eliminates ambiguity, clarifies stakeholder responsibility, and provides practical instructions for carrying out TPRM processes. These key documents are essential for any third-party risk management program.
Download the infographic to learn:
- What each document is
- The key elements of each document
- Important items to include in each document