This workshop aims to provide a blueprint for attendees on effective third party management in a dynamic business, regulatory, and risk environment. Attendees will learn third party management governance and process that can be applied across the organization at either an enterprise or a department level. Learning is done through lectures, collaboration with peers, and workshop tasks.

Typical Agenda:

Part 1: Third Party Management by Design

Why Third Party Management Matters

Third Parties in Disarray: how organizations mismanage third parties
Third Party Exposure: how mismanaged third parties expose the organization to risk
Current drivers & trends pressuring organizations in third party management
Different ways organizations approach third party management
What Effective Third Party Management Achieves: third party management’s role in governance, risk management, and compliance

Part 2: Third Party Governance

Blueprint for Effective Third Party Management

Third Party Governance Committee: bringing together the range of third party management roles and responsibilities in the organization
Third Party Management Charter: defining a structure to govern third party relationships
How to Develop a Third Party Management Strategic Plan

Part 3: Third Party Management Lifecycle

Managing Third Parties from Onboard to Offboarding

Third party identification & onboarding
Ongoing context monitoring
Third party communications & attestations
Third party monitoring & assessment
Third party forms & approvals
Third party metrics & reporting
Third party re-evaluation and offboarding

Part 4: Third Party Management Architecture

Enabling Information & Technology Management of Third Party Relationships

Third Party Management Information Architecture: Blueprint for Managing Third Party Content and Related Data
- Types of third party management information and how it integrates into third party processes
- Components and requirements for a third party information architecture
Third Party Management Technology Architecture: Blueprint for Enabling Third Party Management Processes with Technology
- Kinds of third party management technologies and what best serves the organization
- Capabilities and requirements of third party management platforms
Third Party Management Business Case: Articulating the Value of Effective Third Party Management
- Defining a business case and value of third party management platforms

Third Party Management by Design Workshop