Proactively Identify and Mitigate Vendor Risk – Phase 2: Assess Vendor Risk and Define Your Response Strategy

Author(s): Scott Bickley, Aadil Nanji, Melody Peng

This phase will help you categorize, prioritize, and assess your vendor risks, followed by selecting appropriate response strategies to the most pertinent risks through the following activities:

  • Classify IT Vendors
  • Assess Vendor Risk and Plan Response

Use this phase as part of the full blueprint, Proactively Identify and Mitigate Vendor Risk.

View the Complete Blueprint:

Thought model representing Proactively Identify and Mitigate Vendor Risk

Proactively Identify and Mitigate Vendor Risk

Promote a collaborative approach to vendor risk management and guard against regulatory, security, operational, and financial risk.
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