How to Define a Third Party Management Process Lifecycle

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Third party management processes are a part and subset of overall business processes. Processes are used to manage and monitor the ever-changing relationship, risk, and regulatory environments in extended business relationships.

Join GRC experts Michael Rasmussen, Principal Analyst at GRC 20/20, and Dave Rusher, SVP Product Strategy & Alliances at Aravo, as they present an Executive Insights Series on managing third-party risk and compliance. Each webinar is at 8am PST / 11am EST / 3pm GMT and is valuable individually.

Part 2 of the webinar series evaluates the following stages of a third party management lifecycle:

• Ongoing context monitoring
• Third party identification & onboarding
• Third party communications & attestations
• Third party monitoring & assessment
• Forms & approvals
• Metrics & reporting
• Third party re-evaluation

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Michael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 23+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures, and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.

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