Third-Party GRC Management by Design



Federated Governance of the Extended Enterprise

The modern business depends on, and is defined by, the governance, risk management, and compliance of third-party relationships to ensure the organization can reliably achieve objectives, manage uncertainty, and act with integrity in each of its third-party relationships. A haphazard department and document centric approach for third-party risk management compounds the problem and does not solve it. It is time for organizations to step back and move from third-party risk management to third-party GRC management with a cross-functional and coordinated strategy and team to define and govern third-party relationships. Organizations need to address third-party GRC with an integrated strategy, process, and architecture to manage the ecosystem of third-party relationships with real-time information about third-party performance, risk, and compliance, and how it impacts the organization.  

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Table of Contents

  • The Extended Enterprise Demands Attention

    • The Modern Organization is an Interconnected Web of Relationships

    • Inevitable Failure of Silos of Third-Party Governance

    • This is More Than Third-Party Risk Management

  • Third-Party GRC Management by Design

    • Defining Third-Party GRC Management

      • Value of a Third-Party GRC Approach

    • Third-Party GRC Management Strategic Plan

      • Critical Elements of a Third-Party GRC Strategic Plan

    • Third-Party GRC Management Architecture

      • Third-Party GRC Management Process Architecture

      • Third-Party GRC Management Information Architecture

      • Third-Party GRC Management Technology Architecture

  • GRC 20/20’s Final Perspective

    • Fundamental Steps to Establishing Your Third-party GRC Strategy

  • About GRC 20/20 Research, LLC

  • Research Methodology

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