How to Create and Use Key Third-Party Risk Management Metrics

Most organizations understand the need for a third-party risk management (TPRM) program, but beyond regulatory compliance, few organizations can articulate their program's value using data. In today's business environment, data is king. Despite the lack of standards in this area, there is no reason to be discouraged. Establishing solid and objective program metrics is easier than you might imagine.

We’ll provide practical instruction for identifying and refining reportable TPRM program metrics and teach you how those metrics can be used to demonstrate your program's effectiveness, efficiency, capacity, and value. We’ll also show you where improvement may be necessary or where progress has been made.

Watch now to learn:

• What to measure when it comes to a TPRM program
• Understanding metric types/uses and identifying the right metrics to report
• Sample program metrics and where to get data
• Telling the right story with your metrics
• Best practices