Third Party Management by Design Workshop

This workshop aims to provide a blueprint for attendees on effective third party management in a dynamic business, regulatory, and risk environment. Lead by internationally recognized GRC pundit, Michael Rasmussen, attendees will learn third party management governance and process that can be applied across the organization at either an enterprise or a department level. Learning is done through lectures, collaboration with peers, and workshop tasks.

Typical Agenda:

Part 1: Third Party Management by Design

Why Third Party Management Matters

• Third Parties in Disarray: how organizations mismanage third parties
• Third Party Exposure: how mismanaged third parties expose the organization to risk
• Current drivers & trends pressuring organizations in third party management
• Different ways organizations approach third party management
• What Effective Third Party Management Achieves: third party management’s role in governance, risk management, and compliance

Part 2: Third Party Governance

Blueprint for Effective Third Party Management

• Third Party Governance Committee: bringing together the range of third party management roles and responsibilities in the organization
• Third Party Management Charter: defining a structure to govern third party relationships
• How to Develop a Third Party Management Strategic Plan

Part 3: Third Party Management Lifecycle

Managing Third Parties from Onboard to Offboarding

• Third party identification & onboarding
• Ongoing context monitoring
• Third party communications & attestations
• Third party monitoring & assessment
• Third party forms & approvals
• Third party metrics & reporting
• Third party re-evaluation and offboarding

Part 4: Third Party Management Architecture

Enabling Information & Technology Management of Third Party Relationships

• Third Party Management Information Architecture: Blueprint for Managing Third Party Content and Related Data
• Types of third party management information and how it integrates into third party processes
• Components and requirements for a third party information architecture
• Third Party Management Technology Architecture: Blueprint for Enabling Third Party Management Processes with Technology
• Kinds of third party management technologies and what best serves the organization
• Capabilities and requirements of third party management platforms
• Third Party Management Business Case: Articulating the Value of Effective Third Party Management
• Defining a business case and value of third party management platforms