Proactively Identify and Mitigate Vendor Risk

This phase will review vendor risk fundamentals and establish a risk governance framework through the following activities:

Use this phase as part of the full blueprint, Proactively Identify and Mitigate Vendor Risk.

Promote a collaborative approach to vendor risk management and guard against regulatory, security, operational, and financial risk.

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Proactively Identify and Mitigate Vendor Risk – Phase 1: Review Vendor Risk Fundamentals and Establish Governance