Assessing third party risk before you sign a contract

Too often, risk assessment becomes a last-minute roadblock that derails procurement timelines and frustrates stakeholders. This session will show you how to flip that script by embedding risk considerations at the very beginning of your vendor engagement process.

Key Takeaways: 

  • Start Smart: Assess product and service-level risks before vendor selection begins
  • Use Internal Tools: Leverage risk questionnaires to prioritize engagements and guide due diligence
  • Align Early: Translate risk appetite into clear procurement guidelines and RFP requirements
  • Prevent Surprises: Build risk readiness into templates to avoid costly contract delays
  • Share Responsibility: Make risk management a collaborative effort across procurement, legal, and business teams

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