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VENDOR-RISK5 MIN READ

Push Back on a Vendor Without Torching the Relationship

hold a firm vendor-risk conversation with a business sponsor

Dan D Business sponsor 1 Align 2 Evidence 3 Close Business sponsor Dan wants to skip due diligence for a customer-data vendor because the launch date is already announced. The conversation will decide whether risk becomes visible or gets bypassed. 5 min to shape the decision Interagency Guidance on Third-Party Relationships: Risk Management Interagency Guidance on Third-Party Relationships: Risk Management 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…

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