Aravo Solutions

Aravo invites you to join your peers for an interactive workshop dedicated to third-party risk management strategies and methodologies.

GRC 20/20 analyst Michael Rasmussen will be facilitating this workshop focused on:

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Michael Rasmussen

Principle Analyst

GRC 20/20

  • Establishing a business case for TPRM that unifies the extended enterprise.
  • Building your own blueprint for effective third-party management.
  • The core components of the third-party management lifecycle.
  • How technology can further enable your program and promote collaboration.
  • Delivering effective third-party governance and assurance.

Don't miss this opportunity to learn best practices from experts and exchange ideas with your peers. Gain a deep understanding of the challenges and pitfalls associated with managing third-party risk, and bring back actionable strategies and methodologies that will help transform and mature your TPRM program.

What to Expect

In this workshop, participants will gain a holistic perspective on third-party management, delving into integrating third-party management seamlessly into your business strategy, processes, and operations, ensuring a cohesive approach. Moreover, you’ll learn the art of clear and persuasive communication, essential for gathering attestation and fostering strong partnerships across your entire organisation.

Specific sessions include:

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 

The Logistics

Once you have completed your request for a seat at this workshop, you will be advised within 2 business days if we have been able to fulfill your request. If we are able to fulfill your request, you will be sent complete information with location via a calendar invite, as well as direct email.

If you should have any questions, please contact rwaltz@aravo.com.