History

There are 2 versions of this glossary term.

2. Ongoing Monitoring

An important component of the vendor management lifecycle. For as long as an organization is leveraging an outsourced vendor, they must maintain ongoing monitoring. This includes periodic reviews of vendor due diligence, frequent monitoring of SLAs and addressing risk issues.

Revised By: Venminder Inc Revised On: May 13, 2020 9:09 AM

Characters Edited: 7 Total: 276

1. Ongoing Monitoring

An important pillar of third party risk management. For as long as an organization is leveraging an outsourced vendor, they must maintain ongoing monitoring. This includes periodic reviews of vendor due diligence, frequent monitoring of SLAs and addressing risk issues.

Revised By: Venminder Inc Revised On: Aug 13, 2019 3:04 PM

Characters Edited: 0 Total: 269