Third-Party Risk Management (TPRM) is the process of recognizing, analyzing, and controlling the numerous risks that might arise throughout the course of your partnerships with third parties. Suppliers, vendors, service providers, partners, and other affiliated companies that interact with your business are examples of third parties. There are several potential hazards in this ecosystem, which may be reputational, strategic, operational, or financial in nature. One of the most specific dangers covered in this curriculum, which affects practically every firm, is cybersecurity risk.

What You’ll Learn:

• Defining Third Party Risk Management (TPRM)
• Identifying and understanding the risks relating to the third parties
• A Third Party Risk Management Framework
• Compliance requirements
• Mapping the steps in TPRM
• Initial screening, tiering and Due Diligence
• Ongoing monitoring and maintenance
• Complete risk management of third parties
• Governance, Roles, Responsibilities and Accountabilities
• Conclusions and Takeaways

Who should participate in the C3PRMP program?:

The C3PRMP program can be used for a wide range of positions in sourcing, outsourcing, procurement, vendor management, third-party risk management, and related sectors. This program is for you if you work with third parties in any capacity. It is not only for practitioners but also for those who serve them.

The C3PRMP certification and studying alongside other committed professionals from across the world helps anybody who is serious about investing in their team and themselves or increasing their career options.