What does the Third Party Risk Management Framework course cover?
Third Party Risk Management Framework is covered here in 10 modules: Introduction to Third-Party Risk Management: Defining third-party risk management, Risk Identification and Assessment: Developing a risk register, Risk Mitigation and Management: Developing risk mitigation strategies and 7 more. The outline lists 40 specific topics, opening with defining third-party risk management and closing with future of third-party risk management.
How do you approach Third Party Risk Management Framework step by step?
The work is sequenced in 10 stages. It starts with Introduction to Third-Party Risk Management: Defining third-party risk management, moves through Risk Identification and Assessment: Developing a risk register and Risk Mitigation and Management: Developing risk mitigation strategies, and ends at Best Practices and Emerging Trends: Innovative technologies and tools.
What is in Module 1 of the Third Party Risk Management Framework course?
Module 1 is Introduction to Third-Party Risk Management: Defining third-party risk management. It works through defining third-party risk management, understanding the importance of third-party risk management, identifying types of third-party risks and 1 more. It sets the vocabulary the remaining 9 modules build on.
How is the Third Party Risk Management Framework course delivered?
The Third Party Risk Management Framework course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.
How much does the Third Party Risk Management Framework course cost?
The Third Party Risk Management Framework course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.
Closely related courses: Outsourcing Oversight and Third Party Risk Management Kit, Outsourcing Arrangements and Third Party Risk Management, Third Party Vetting and Third Party Risk Management Kit, Third Party Inspections and Third Party Risk Management.
More answers: what you get with every course, refund policy, all help answers.
Third Party Risk Management Framework: Mitigating Risks in Outsourced Relationships
Course Overview
This comprehensive course provides an in-depth understanding of third-party risk management frameworks and strategies to mitigate risks in outsourced relationships. Participants will learn how to identify, assess, and manage risks associated with third-party vendors, suppliers, and service providers. Upon completion of the course, participants will receive a certificate issued by The Art of Service.Course Features
- Interactive and engaging learning experience
- Comprehensive and up-to-date content
- Personalized learning approach
- Practical and real-world applications
- High-quality content developed by expert instructors
- Certificate of Completion issued by The Art of Service
- Flexible learning options
- User-friendly and mobile-accessible platform
- Community-driven learning environment
- Actionable insights and hands-on projects
- Bite-sized lessons for easy learning
- Lifetime access to course materials
- Gamification and progress tracking features
Course Outline
Module 1. Introduction to Third-Party Risk Management: Defining third-party risk management
- Defining third-party risk management
- Understanding the importance of third-party risk management
- Identifying types of third-party risks
- Overview of third-party risk management frameworks
Module 2. Risk Identification and Assessment: Developing a risk register
- Identifying potential risks in outsourced relationships
- Assessing the likelihood and impact of risks
- Using risk assessment tools and techniques
- Developing a risk register
Module 3. Risk Mitigation and Management: Developing risk mitigation strategies
- Developing risk mitigation strategies
- Implementing risk management controls
- Monitoring and reviewing risk management effectiveness
- Continuous improvement of risk management practices
Module 4. Third-Party Risk Management Frameworks: Overview of COBIT framework
- Overview of COBIT framework
- Overview of NIST Cybersecurity Framework
- Overview of ISO 31000 framework
- Comparing and selecting a third-party risk management framework
Module 5. Vendor Selection and Due Diligence: Assessing vendor risk, Vendor selection criteria
- Vendor selection criteria
- Conducting due diligence on vendors
- Assessing vendor risk
- Negotiating contracts with vendors
Module 6. Contract Management: Managing contract performance, Renegotiating and terminating contracts
- Developing contract management strategies
- Understanding contract terms and conditions
- Managing contract performance
- Renegotiating and terminating contracts
Module 7. Ongoing Monitoring and Review: Monitoring vendor performance, Reviewing and updating contracts
- Monitoring vendor performance
- Conducting regular risk assessments
- Reviewing and updating contracts
- Continuous improvement of third-party risk management practices
Module 8. Incident Response and Management: Responding to incidents, Managing incident consequences
- Developing incident response plans
- Responding to incidents
- Managing incident consequences
- Post-incident review and improvement
Module 9. Compliance and Regulatory Requirements: Managing compliance risks, Ensuring vendor compliance
- Understanding compliance and regulatory requirements
- Ensuring vendor compliance
- Managing compliance risks
- Maintaining regulatory relationships
Module 10. Best Practices and Emerging Trends: Innovative technologies and tools
- Best practices in third-party risk management
- Emerging trends in third-party risk management
- Innovative technologies and tools
- Future of third-party risk management