Vendor Risk Management Toolkit

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Plan, build and deploy solutions to improve the overall risk posture of the enterprise with a focus on privacy, policy management, third party vendor risk management, personal data protection and governance, and security risk evaluations of enterprise projects and programs, to identify internal and external risks and validate compliance to industry accepted standards.

More Uses of the Vendor Risk Management Toolkit:

  • Monitor security and forensics related notifications, standards, and mailing lists, for developments, evidentiary issues and vulnerability alerts; conduct periodic security access and vulnerability evaluation tests, leading.

  • Review and update vendor risk management framework, ensuring the effective integration of industry best practices and regulatory changes impacting third party risk management and the ongoing alignment of the framework and related policies.

  • Ensure you analyze internal reports, facilitate considerations with organization management, review industry information, and research cybersecurity/IT risk topics affecting the financial services industry.

  • For vendors that have high potential risk, ensure that an action plan exists for remediation activities and work closely with the Business Unit and applicable Information Technology management to mitigate the elevated risk if possible.

  • Execute the processes to develop, document, and distribute Identity and Access Management (IAM) architecture and policy governance standards for the Booking Holdings organization, and ensure the implementation and measurement of objectives.

  • Develop, implement, and monitor a strategic, comprehensive enterprise information security and IT risk management program to ensure that integrity, confidentiality, and availability of information is owned, controlled, or processed by your organization.

  • Collaborate with members of your engineering team during the design phase of new product development to understanding specific systems requirements and provide guidance related to cybersecurity best practices.

  • Analyze inquiries, recommend solutions and refer difficult cases requiring research, correction and investigation to the senior member services representative, supervisor, Member Services, or manager, Member Services.

  • Develop and continually mature the enterprise IT vendor governance for vendor segmentation, on boarding/off boarding, vendor management, spend management, compliance monitoring, vendor performance measurement, and vendor risk management.

  • Be recognized as a subject matter expert on third party risk management, facilitating and partnering across your organization ensuring appropriate risk activities are completed to manage the risk exposures related to third party service providers.

  • Provide project oversight and project implementation services for security software, hardware, cloud services, and appliances related to cybersecurity products and services installed and/or supported by the team.

  • Coordinate vulnerability remediation activities and work with the IT department to mature the patch management lifecycle based on vulnerability management SLAs created by the Information Security department.

  • Develop and maintain policies and procedures related to the procurement of goods and services and guidelines, tools and technology to help assure compliance with procurement rules, practices and techniques, regulation and procedures.

  • Partner with risk management subject matter experts and business unit compliance teams across the enterprise to develop strategies for IAM policies and procedures, metrics, and reporting, for measuring the effectiveness of the IAM compliance policy governance framework.

  • Ensure you perform administrative, performance and cost management tracking tasks, identify process gaps or inconsistencies, and support the implementation of appropriate mitigating actions to drive efficiencies for areas (or vendors) within the remit.


Save time, empower your teams and effectively upgrade your processes with access to this practical Vendor Risk Management Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Vendor Risk Management related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Vendor Risk Management specific requirements:

STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Vendor Risk Management Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 996 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Vendor Risk Management improvements can be made.

Examples; 10 of the 996 standard requirements:

Do you look for vendors whose solutions are designed to facilitate your objectives. Do solutions promote efficiencies, reduce costs, mitigate compliance related risks and speed time to market?

What specific staging, readiness and deployment techniques will the vendor use to determine the proper sequencing of deployment processes and functions required for successful implementation?

What restrictions/allowances for remote access by users; any modem requirements for vendor or technical support; how should any remote access by controlled, logged, and monitored?

Does the vendors crisis management plan include timely customer notification to allow the customer time to effectively respond to a potential interruption of goods and services?

How does management ensure that due diligence is performed prior to changing third party product or service providers, as software vendors or third party audit providers?

What are the vendors standards, policies, and procedures relating to internal controls, record maintenance, background checks and physical security of its operations?

What are the risks to your organization if a vendors data center is flooded or if the owner of the source code for one of its key applications goes out of business?

Are strategic goals at risk of being derailed by an unfortunate combination of unprepared vendors and insufficient internal resiliency and contingency planning?

Does management take timely and appropriate follow up action on communications received from customers, vendors, regulators, or other external parties?

Does the vendor/service provider assist with notification of your customers in the event of a data breach and your product solution is the root cause?


Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Vendor Risk Management book in PDF containing 996 requirements, which criteria correspond to the criteria in...

Your Vendor Risk Management self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Vendor Risk Management Self-Assessment and Scorecard you will develop a clear picture of which Vendor Risk Management areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Vendor Risk Management Self-Assessment
    • Is secure: Ensures offline data protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:


STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Vendor Risk Management projects with the 62 implementation resources:

  • 62 step-by-step Vendor Risk Management Project Management Form Templates covering over 1500 Vendor Risk Management project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Change Management Plan: What are the key change management success metrics?

  2. Stakeholder Management Plan: Are the schedule estimates reasonable given the Vendor Risk Management project?

  3. Procurement Audit: Were any additional works or deliveries admissible without the need for a new procurement procedure?

  4. Probability and Impact Matrix: Risk may be made during which step of risk management?

  5. Human Resource Management Plan: Are enough systems & user personnel assigned to the Vendor Risk Management project?

  6. Risk Audit: Are staff committed for the duration of the product?

  7. Roles and Responsibilities: Be specific; avoid generalities. Thank you and great work alone are insufficient. What exactly do you appreciate and why?

  8. Risk Data Sheet: What are you weak at and therefore need to do better?

  9. Cost Management Plan: Cost estimate preparation Ð What cost estimates will be prepared during the Vendor Risk Management project phases?

  10. Scope Management Plan: Are the proposed Vendor Risk Management project purposes different than the previously authorized Vendor Risk Management project?

Step-by-step and complete Vendor Risk Management Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

  • 1.1 Vendor Risk Management project Charter
  • 1.2 Stakeholder Register
  • 1.3 Stakeholder Analysis Matrix

2.0 Planning Process Group:

  • 2.1 Vendor Risk Management project Management Plan
  • 2.2 Scope Management Plan
  • 2.3 Requirements Management Plan
  • 2.4 Requirements Documentation
  • 2.5 Requirements Traceability Matrix
  • 2.6 Vendor Risk Management project Scope Statement
  • 2.7 Assumption and Constraint Log
  • 2.8 Work Breakdown Structure
  • 2.9 WBS Dictionary
  • 2.10 Schedule Management Plan
  • 2.11 Activity List
  • 2.12 Activity Attributes
  • 2.13 Milestone List
  • 2.14 Network Diagram
  • 2.15 Activity Resource Requirements
  • 2.16 Resource Breakdown Structure
  • 2.17 Activity Duration Estimates
  • 2.18 Duration Estimating Worksheet
  • 2.19 Vendor Risk Management project Schedule
  • 2.20 Cost Management Plan
  • 2.21 Activity Cost Estimates
  • 2.22 Cost Estimating Worksheet
  • 2.23 Cost Baseline
  • 2.24 Quality Management Plan
  • 2.25 Quality Metrics
  • 2.26 Process Improvement Plan
  • 2.27 Responsibility Assignment Matrix
  • 2.28 Roles and Responsibilities
  • 2.29 Human Resource Management Plan
  • 2.30 Communications Management Plan
  • 2.31 Risk Management Plan
  • 2.32 Risk Register
  • 2.33 Probability and Impact Assessment
  • 2.34 Probability and Impact Matrix
  • 2.35 Risk Data Sheet
  • 2.36 Procurement Management Plan
  • 2.37 Source Selection Criteria
  • 2.38 Stakeholder Management Plan
  • 2.39 Change Management Plan

3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

  • 4.1 Vendor Risk Management project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance

5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Vendor Risk Management project or Phase Close-Out
  • 5.4 Lessons Learned



With this Three Step process you will have all the tools you need for any Vendor Risk Management project with this in-depth Vendor Risk Management Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Vendor Risk Management projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based best practice strategies aligned with overall goals
  • Integrate recent advances in Vendor Risk Management and put process design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Vendor Risk Management investments work better.

This Vendor Risk Management All-Inclusive Toolkit enables You to be that person.


Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.