Escalate Residual Risk to an Executive
brief residual vendor risk as a business decision
Dan D Executive sponsor 1 Align 2 Evidence 3 Close CTO Marcus has five minutes before steering committee to hear why a critical vendor needs conditional approval. The conversation will decide whether risk becomes visible or gets bypassed. 5 min to shape the decision COSO ERM Framework COSO ERM Framework works because it turns vendor risk from a vague feeling into an explicit management system: define the business objective, identify the third party dependency, estimate how the dependency could fail, choose a treatment, and keep evidence current after onboarding. The mechanism is not paperwork for its own sake. It is…
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