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Vendor Risk

Compress the traditional project timeline with an accelerated Vendor Risk implementation that boosts business maturity and generates tangible value in weeks. 

Blueprint Overview

3 WEEKS
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Initiate & Plan

4 WEEKS
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Execute

1 WEEK
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Deliver

1 WEEK
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Go-Live & Beyond

Initiate & Plan

3 WEEKS
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Demo Vendor Risk, collect requirements and deliver stories for acceptance.

6 HRS Product Owner
8 HRS Scrum Master
20 HRS Development Team
5 HRS Customer Stakeholders
5 HRS Acceptance Testers
Weekly hours by role

Execute

4 WEEKS
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Configure Vendor Risk as per best practice and customer requirements; continually show progress back to the customer and collect new requirements.

4 HRS Product Owner
8 HRS Scrum Master
42 HRS Development Team
3 HRS Customer Stakeholders
2 HRS Acceptance Testers
Weekly hours by role

Deliver

1 WEEK
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Provide functional and technical knowledge transfer and support customer acceptance testers.

12 HRS Product Owner
14 HRS Scrum Master
46 HRS Development Team
10 HRS Customer Stakeholders
16 HRS Acceptance Testers
Weekly hours by role

Go-Live & Beyond

1 WEEK
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Promote code to production and provide Hyper-Care.

4 HRS Product Owner
8 HRS Scrum Master
20 HRS Development Team
3 HRS Customer Stakeholders
2 HRS Acceptance Testers
Weekly hours by role

Thirdera Staffing

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Engagement Manager

Responsible for providing leadership and direction to achieve growth and transformation.

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Functional Lead

Analyses business requirements and provides system design while implementing system solutions.

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Technical Lead

Ensures the smooth functioning of technical operations, monitors and evaluates staff progress, and ensures overall client satisfaction.

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Project Scope

Thirdera's Vendor Risk Blueprint includes a robust list of deliverables to set your Risk program on course for long-term success. Guided by proven best practices, our team of advisory and technical experts configures and implements a solution best fit for your unique needs while establishing a foundation of knowledge to promote ongoing maturation. Key deliverables include:

  • Import and configure vendors and vendor contacts
  • Import and configure Engagements
  • Customer branded vendor portal
  • Vendor tiering questionnaire templates and vendor tiering scale
  • Vendor Risk assessment templates, including questionnaire and document request templates
  • Vendor Risk issue, tasking, and remediation processes
  • Automated Risk rating scale, vendor scoring rules, and engagement scoring rules
  • Notifications, reports, and dashboards from templates
  • Configure vendor management risk workspace
  • Functional overview, technical knowledge transfer, UAT support

Outcomes

 

Streamlined Request Process

Business facing request process to request a new vendor
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Consolidated View

Centralised view into all vendors interacting with the enterprise and the associated risk rating
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Trackable Vendor Attributes

Ability to track vendor risk, assessments, tasks, and issues at the engagement (i.e. Product, Service) level
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Secure Vendor Portal

Branded and secure vendor portal to standardise vendor risk assessments and related communication
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Enhanced Risk Assessments

Workflows to assist with assignment and tracking of Risk assessments and issues from start to finish - leading to faster and more consistent Risk assessments
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Dashboards & Reporting

Dedicated dashboards and workspace to increase visibility into vendor risk posture and tasks

Let's get started

 

Connect with our Security & Risk experts for a detailed look at what an assessment would look like at your organisation and how to improve your cyber resilience and Vendor Risk processes. 

 

Get in touch