Vendor Risk Toolkit

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Devise Vendor Risk: Software Sales executives, Financial Technology.

More Uses of the Vendor Risk Toolkit:

  • Ensure you orchestrate; lead the IT Risk Management process to identify self identified risks, develop Corrective Action plans, and track progress to risk closure.

  • Encourage support the development of new (and modifications to existing) products, services, Strategic Partnerships, Processes And Systems and provides Risk Management guidance as to applicable Control Environment requirements and process changes related to Technology Services and Vendor Risks.

  • Devise Vendor Risk: by focusing on Open Collaboration and open finance, supported by your Open Platform, you can create Financial Inclusion and Open Innovation for everybody.

  • Support activities to ensure that risk and controls are in compliance with Regulatory Requirements and remain in line with your organization Risk Appetite.

  • Develop communications and training materials relative to Vendor Risk Management Framework, Policies And Processes to ensure effective implementation of existing and updated governing Policies And Processes.

  • Head Vendor Risk: review and present metrics to monitor control related developments, issues and trends in the management of Cybersecurity, technology and Information security risks.

  • Ensure that the metrics used to Evaluate Performance are properly tied to business outcomes and bias free, and that the associated communications around metrics are clear.

  • Secure that your enterprise provides operational support on current processes and supports Business Operations and management in identifying opportunities and solutions to meet current and futurE Business needs.

  • Standardize Vendor Risk: in supporting the chief Risk Officers, provides oversight of your organizations anti money laundering, compliance, Vendor Risk Management, and Information security programs.

  • Execute risk based engagement and monitoring consistent with Vendor Risk Management Framework and other relevant enterprise wide policies.

  • Confirm your project complies; implements and monitors annual improvement goals for process metrics as Cycle Times, efficiencies and savings, ensure appropriate benchmarks are identified and reporting on the program at regular intervals.

  • 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.

  • Develop and improve workflows for initial procurement requirements, contract preparation, negotiation, and finalization to ensure contracts are completed and properly documented in organization systems.

  • Secure that your team provides oversight to the third party Vendor Risk Management program, regularly assessing and monitoring vendors for security maturity and compliance.

  • Oversee Vendor 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.

  • Collaborate with Information security, privacy and procurement on confidentiality matters related to Vendor Risk Due Diligence.

  • Drive Vendor Risk: client orientation maintains Client Relationships in the face of conflicting demands or directions and provides evidence based advice and solutions based on sound diagnosis and knowledge.

  • Manage Vendor Risk: identity, measure, analyze, and manage Information security risk and provide Risk Metrics and reporting on remediation progress and outcomes.

  • Ensure you arrange; lead the Identity And Access Management initiatives across your organization to establish Least Privilege principle for critical asset and information.

  • Create a Change Management policy and process to ensure policies and programs are updated to reflect changes, and monitor to ensure changes are implemented.

  • Establish a Strategic Roadmap of features and criteria to be incorporated into the Vendor Risk Management program driving Continuous Improvement into the program.

  • Provide technical guidance or support for the secure architecture of Cloud Infrastructure and leAd Cloud Security Audits.

  • Methodize Vendor Risk: review Vendor Risk reports created by internal and external entities for impacts to Cybersecurity.

  • Ensure issues are identified and resolved quickly and appropriately, and where necessary escalated to the Operations Lead for resolution.

  • Develop, implement and maintain Risk Assessment tools to evaluate Vendor Risk Profiles and establish remediation strategies/plans to improve Supply Chain robustness.

  • Formulate Vendor Risk: in conjunction with the Leadership Team evaluate incentive plans and Performance Measures for appropriate adjustments and changes.

  • Manage advanced knowledge in IT, Risk Management, business resiliency, Network Management/architecture, Vendor Risk Management, Vulnerability Management, patch Management Systems, and Data Center operations and management.

  • Arrange that your corporation promotes Strategic Procurement for complex and high risk contracts and strategies and tools for routine procurement to achieve procurement efficiencies and value creation and savings.

  • 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.

  • Be accountable for conducting Vendor Risk Management activities in alignment with Visions Vendor Management Policy and Program and the NIST framework.

  • Improve Working Capital thru payment terms extensions, payment cycle optimization, vendor managed inventories inventory and lead time reductions.

  • Confirm your corporation acts as a thought partner and advisor to Business Leaders to ensurE Business decisions are managed according to the Enterprise Risk Strategy / framework.

  • Orchestrate Vendor Risk: own End To End user journey and all aspects of design execution from ideation, to prototyping, to user testing, to final production.


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

STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Vendor 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 Vendor Risk improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. Who else should you help?

  2. Who will gather what data?

  3. Instead of going to current contacts for new ideas, what if you reconnected with dormant contacts--the people you used to know? If you were going reactivate a dormant tie, who would it be?

  4. How is the Vendor Risk Value Stream Mapping managed?

  5. Did you miss any major Vendor Risk issues?

  6. Which needs are not included or involved?

  7. What were the criteria for evaluating a Vendor Risk pilot?

  8. What are hidden Vendor Risk quality costs?

  9. Do you need to do a usability evaluation?

  10. How difficult is it to qualify what Vendor Risk ROI is?

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

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

  • 62 step-by-step Vendor Risk Project Management Form Templates covering over 1500 Vendor 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 Vendor Risk project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Vendor Risk Project Team have enough people to execute the Vendor 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 Vendor 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 Vendor Risk Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

2.0 Planning Process Group:

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 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 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 project with this in-depth Vendor Risk Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Vendor 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 Vendor 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 Vendor Risk investments work better.

This Vendor 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.