Third Party Risk Toolkit

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Drive Third Party Risk: act as an expert technical resource for cloud Data Modelling, Data Warehouse architecture and analysis efforts to support business Team Goals.

More Uses of the Third Party Risk Toolkit:

  • Establish that your team leads high impact and complex projects that involve working with the businesses to improve controls that would mitigate any deficiencies.

  • Identify and evaluate technology internally and/or at third parties, Internal Controls which mitigate risks, and related opportunities for Internal Control improvements.

  • Consider the application of Legal And Regulatory Requirements to organizations Risk Management practices.

  • Assure your business supports the assigned Line Of Business in gathering information and preparing for all tech risk related reporting and meetings.

  • Establish Third Party Risk: actively engage and collaborate with peers and team members, contributing to the successful execution of a consistent, risk based Third Party Risk Management program.

  • Determine the frequency and content and deliver Status Reports from the Project Team, analyze results, and troubleshoot problem areas.

  • Quantify and communicate, via reports and the use of KRI/KPIs, the impact of Third Party Risk to multiple organizations and controls groups, highlighting the relevant likelihood and severity of each risk.

  • Develop Third Party Risk: proactively manage changes in project scope, identify potential crises, and devise Contingency Plans.

  • Manage Third Party Risk from customers and vendors, suggests effective ways to manage this risk while still achieving Business Objectives, and develop programs to manage third party Access Control to data and entry points to the systems network.

  • Establish Third Party Risk: act to resolve issues which prevent effective team working, even during times of change and uncertainty.

  • Methodize Third Party Risk: review vendor risk reports created by internal and external entities for impacts to Cybersecurity.

  • Support Third Party Risk excellence via agreements, Process Improvements, and Best Practices.

  • Oversee and lead the creation, communication, and implementation of a process for managing vendor risk and other Third Party Risk.

  • Make sure that your enterprise provides guidance and direction relative to the compliance of environmental Rules And Regulations.

  • Drive Process Improvements to continuously mature the Third Party Risk Management Program and service.

  • Provide consulting to departmentsconduct Third Party Risk assessmentsenhance risk and Vulnerability Assessment initiativesand, enforcement, and guidance, of the Information security Strategy and policies throughout your organization.

  • Manage Third Party Risk: leverage Third Party Risk Management, security, and risk teams to drive measurable improvements and increase competitive advantage.

  • Lead Third Party Risk: design technology enhancement requirements to support Third Party Risk Management processes.

  • Support the design and implementation of Third Party Risk operating models, identifying, evaluating, and providing solutions to evaluate complex business and technology risks.

  • Establish and conduct insight and discovery projects that set the stage for cloud implementations.

  • Secure that your corporation participates in vendor selection, approvals and post execution management of rights and obligations.

  • Ensure you standardize; understand evolving trends and risks and the effectiveness of your sanctions and Third Party Risk controls, workflows and supporting systems.

  • Assure your venture develops and maintains accurate and complete files for projects and programs; continues to monitor for integrity and completeness.

  • Develop and implement tailored financial plans using your array of services while considering each clients financial needs and life circumstances.

  • Oversee Third Party Risk: 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.

  • Apply sound judgement and comply with organization policies on handling sensitive and confidential data.

  • Oversee Third Party Risk: Program Management, sanctions and Third Party Risk.

  • Ensure partnership with Technology Operations to ensure tools respond quickly, minimize latency, and are reliable and stable.

  • Ensure you suggest; Third Party Risk Management Best Practices, team development and leadership, business / vendor collaborations.

  • Ensure you manage; lead Decision Making for mitigating identified deficiencies and seek to understand the broader impact of the decisions made.

  • Coordinate with Third Party Vendors and other IT team members to quickly identify resolution (or rapid escalation procedures) in order to reduce time to resolution.

  • Provide advisory services to business and Technology Teams concerning security compliance, controls and measurement.

  • Arrange that your organization complies; conducts program and Technical Risk assessments, focusing on impacts to performance, schedule and cost.

  • Install foundational elements and standards of work for being a successful modern software delivery firm.


Save time, empower your teams and effectively upgrade your processes with access to this practical Third Party Risk Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Third Party Risk 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 Third Party Risk specific requirements:

STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Third Party Risk 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 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Third Party Risk improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. What are the Third Party Risk security risks?

  2. Why do and why don't your customers like your organization?

  3. What are the success criteria that will indicate that Third Party Risk objectives have been met and the benefits delivered?

  4. Are all team members qualified for all tasks?

  5. How will the data be checked for quality?

  6. How do you verify and validate the Third Party Risk data?

  7. Is Third Party Risk required?

  8. What is out of scope?

  9. How scalable is your Third Party Risk solution?

  10. What risks do you need to manage?

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 Third Party Risk book in PDF containing 994 requirements, which criteria correspond to the criteria in...

Your Third Party Risk 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 Third Party Risk Self-Assessment and Scorecard you will develop a clear picture of which Third Party Risk 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 Third Party Risk 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 Third Party Risk projects with the 62 implementation resources:

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

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Third Party Risk project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Third Party Risk Project Team have enough people to execute the Third Party Risk project plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Third Party Risk project plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

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

1.0 Initiating Process Group:

2.0 Planning Process Group:

  • 2.1 Third Party Risk Project Management Plan
  • 2.2 Scope Management Plan
  • 2.3 Requirements Management Plan
  • 2.4 Requirements Documentation
  • 2.5 Requirements Traceability Matrix
  • 2.6 Third Party Risk 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 Third Party Risk 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 Third Party Risk 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 Third Party Risk project or Phase Close-Out
  • 5.4 Lessons Learned



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

In using the Toolkit you will be better able to:

  • Diagnose Third Party Risk 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 Third Party Risk 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 Third Party Risk investments work better.

This Third Party Risk 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.