The 5 Most Important KRIs and KPIs to Effectively Manage Your TPRM Program

The 5 Most Important KRIs and KPIs to Effectively Manage Your TPRM Program

Date: Wednesday, November 10, 2021

Time: 11:00am-12:30pm ET

Speakers:

✔ Alastair Parr, SVP, Global Products & Risk, Prevalent

✔ Tom Garrubba, Vice President, Shared Assessments


Description:

Implementing key performance indicators (KPIs) and key risk indicators (KRIs) that are meaningful to leadership and the board – as well as truly actionable – are the backbone of a successful third party risk management (TPRM) program. However, defining and gathering these measurements has long been a complex task requiring you to manually collect and translate obscure metrics into potential business impacts and risk. How can metrics be better defined and communicated without all of the manual work?

We will explore the do’s and don’ts of KRI/KPI definitions for third party management and visit the top 5 most important KRIs and KPIs to help your team get a grasp of your third party estate. Learn how to demonstrate program success with KRIs/KPIs, how to avoid misrepresenting broader third party risk, and how to present metrics in a way stakeholders value.

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