Third-party Risk Management Toolkit

Third-party Risk Management Toolkit The Third-party Risk Management Toolkit is designed to assist organizations in identifying, evaluating, and managing the risks associated with outsourcing IT services to third-party vendors. The toolkit includes a comprehensive set of tools, templates, and scorecards that can be used to assess vendor risks, establish risk management policies and procedures, and monitor vendor performance. Here is a numbered list of the documents included in the toolkit: Third-party Risk Management Program KPIs: This document provides a set of key performance indicators (KPIs) that organizations can use to measure and monitor the effectiveness of their third-party risk management program. Vendors Information Risk Evaluation Scorecard: This document provides a standardized approach for evaluating the information security risks associated with vendors. Applications Outsourcing Risk Calculator: This document is a tool that helps organizations assess the risk associ