This phase will help you communicate the results to management, assign accountability and responsibilities to members of your team, and formalize an ongoing risk monitoring schedule. This phase will take you through the following activities:

  • Monitor IT Vendor Risks
  • Ongoing Improvement with Vendor Risk Management (VRM)

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

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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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