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Press Release: A Guided Assessment – Providing Advancements in Building Best Practices for Vendor Onsite Assessments

March 15, 2016

FOR IMMEDIATE RELEASE

MEDIA CONTACT
Marya Roddis, Vice President of Communications
O: 575.235.8228
marya@santa-fe-group.com

White Paper Release: A Guided Assessment – Providing Advancements in Building Best Practices for Vendor Onsite Assessments

Building new expectations and increasing transparency to assure good assessment practices

Santa Fe, NM — March 15, 2016 — Shared Assessments is pleased to announce release of its newest white paper: A Guided Assessment – Providing Advancements in Building Best Practices for Vendor Onsite Assessments..

Shared Assessments has created a best practice assessment and scoping guideline practical for all outsourcing organizations, onsite assessment teams, managers and service providers, regardless of industry or assessment scope. Development of such a shared risk assessment process can afford rewards industry-wide. This guideline is unlike products and services development, which contain competitive value. Instead, the guideline and accompanying tool work in concert with existing onsite assessment tools and processes by providing a clear, consistent methodology designed to keep the assessment process on target.

Use of this guideline and the accompanying tool:

  • Supports information security in combination with collaborative partnership building.
  • Creates a coherent, clear overview of the Pre-Visit, Onsite and Post Assessment planning and communications process that provides an advancement in building best practice awareness and increasing transparency for the assessment process.
  • Provides a clear framework that fosters better long-term relationships by ensuring assessment and monitoring are conducted in a manner where all parties see defined objectives and understand the value of each step.

The Onsite Assessment Best Practices Guideline is complementary to existing innovations in third party risk assessment and management. To read the paper and for more information on Shared Assessments, you may go to: https://sharedassessments.org.

About the Shared Assessments Program
The Shared Assessments Program is the trusted source in third party risk management, with resources to effectively manage the critical components of the vendor risk management lifecycle that are: creating efficiencies and lowering costs for all participants; kept current with regulations, industry standards and guidelines, and the current threat environment; and adopted globally across a broad range of industries both by service providers and their customers. Shared Assessments membership and use of the Shared Assessments Program Tools: Agreed Upon Procedures (AUP); Standardized Information Gathering (SIG) questionnaire and Vendor Risk Management Maturity Model (VRMMM), offers companies and their service providers a standardized, more efficient and less costly means of conducting rigorous assessments of controls for IT and data security, privacy and business resiliency. The Shared Assessments Program is managed by The Santa Fe Group (www.santa-fe-group.com), a strategic advisory company based in Santa Fe, New Mexico. For more information on Shared Assessments, please visit https://sharedassessments.org.

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