Vendor Due Diligence: Best Practices for Scoping Assessments Recording

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With more and more vendors to onboard and monitor post-contract, third-party risk teams can struggle to keep up with the assessment workload. Ultimately, many organizations are asking too many unnecessary questions or not enough necessary questions. These inefficiencies lead to slower results and the potential for more risk.

Learning Objectives:

• Incorporate inherent risk into assessment scoping
• Generate self-scoping questionnaires
• Build “emergency-use” questionnaire templates for unexpected risks
• Map your questions to industry frameworks, regulations and standards
• Ask questions related to your control set
• Eliminate unnecessary questions

Presenter:

Ed Thomas, SVP, ProcessUnity