My Experiments with Third Party Risk Management
A Practical Guide to Effective TPRM
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In today's interconnected world, the strength of your business lies not just in your own operations, but in the integrity and reliability of your third parties. Whether they are suppliers, service providers, or strategic partners, the risks associated with these relationships can make or break your organization. This book is your guide to navigating these complex relationships confidently and precisely. Drawing from extensive experience in risk management, this book takes you on a journey through the intricacies of TPRM), offering you practical, actionable strategies to safeguard your business...
In today's interconnected world, the strength of your business lies not just in your own operations, but in the integrity and reliability of your third parties. Whether they are suppliers, service providers, or strategic partners, the risks associated with these relationships can make or break your organization. This book is your guide to navigating these complex relationships confidently and precisely. Drawing from extensive experience in risk management, this book takes you on a journey through the intricacies of TPRM), offering you practical, actionable strategies to safeguard your business. Inside, you will find: 1. A comprehensive understanding of third-party risk management, including the foundational principles and key considerations you need to know. 2. Step-by-step guidance on developing and implementing a robust TPRM program, integrated seamlessly with your Enterprise Risk Management (ERM) strategy. 3. Insightful frameworks and standards, ensuring your approach aligns with industry best practices. 4. Practical advice on due diligence, onboarding, and contract management, complete with tips on crafting effective Service Level Agreements (SLAs). 5. World case studies that provide valuable lessons of TPRM implementations. More than just a guide-it is a full kit filled with the knowledge, strategies, and tools you need to manage third-party risks effectively and will empower you to build stronger, safer, and more resilient partnerships.
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