Vendor Selection, Due Diligence, Ongoing Monitoring

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How to Use the RACI Method to Determine Third-Party Risk Management Responsibilities 

12-07-2023 10:39 AM

Defining roles and responsibilities for your third-party risk management program is an essential step that provides structure and promotes a stronger work ethic throughout your organization. One of the most effective methods to use in this process is called RACI, which refers to identifying the individuals that are responsible, accountable, consulted, and informed for third-party risk management tasks. Read this infographic and use the template to learn more. 

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