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TP-101Third-party riskFoundationFree

Third-Party Risk Fundamentals

Important is not critical, and large is not important

Establish the distinction between an important supplier and a critical one, understand why dependence never transfers responsibility, and build proportionate arrangements rather than a uniform questionnaire.

Learning objectives

  • Distinguish criticality from spend
  • Segment the supplier portfolio
  • Understand residual responsibility
  • Identify tier-2 dependencies

Intended audience

  • Procurement
  • Risk
  • Legal
  • Business lines

Prerequisites

  • None

Detailed curriculum

Module 1

Segmenting

Criticality is not readable from the contract value.

Module 2

Governing the relationship

The full lifecycle, from expressed need to exit.