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

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.
  • Alastair Parr
    SVP, Global Products & Risk, Prevalent
    Alastair Parr is responsible for ensuring that the demands of the market space are considered and applied innovatively within the Prevalent portfolio. He joined Prevalent from 3GRC, where he served as one of the founders, and was responsible for and instrumental in defining products and services. He comes from a governance, risk and compliance background; developing and driving solutions to the ever-complex risk management space. He brings over 12 years’ experience in product management, consultancy and operations deliverables.
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  • Tom Garrubba
    Vice President, Shared Assessments
    Tom Garrubba, Vice President, is an internationally recognized subject matter expert, lecturer, writer, and blogger on third-party risk, and is the head instructor for the Certified Third-Party Risk Professional (CTPRP) certification program. He is a contributor to Future of Sourcing, blogged for the Huffington Post’s Business section, and for Government Health IT, ISACA, Risk.net, and numerous eGRC websites.
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