What is it?
Third-Party Risk Management Fundamentals is a training course that teaches the foundations of vendor risk management including:
- Terminology and drivers for third-party risk
- Core structures of a third party-risk management program
- Basics of risk control objectives, risk statements, and types of controls
- Components in managing assessments
Who is it for?
Fundamentals is an introductory course designed for risk, information security, privacy, procurement or compliance functions, including:
- Employees new to third-party risk (onboarding)
- Employees who partner with third-party risk groups
- Any stakeholder who wants to enhance their third-party risk knowledge
“TPRM Fundamentals gives newer practitioners knowledge of the foundational elements needed to build a successful and operationally efficient service provider program.”
Registration
This self-paced training consists of 4 sections. Each section ends with a short knowledge check that must be completed before moving to the next section. A final quiz tests knowledge learned throughout the course. The approximate duration of this training is 4 hours. You will receive a Certificate of Completion within 24 hours of completing the course. Eligible for four (4) Shared Assessments Continuing Professional Education (CPE) credits.
TPRM Fundamentals Success Stories
TPRM Fundamentals Frequently Asked Questions
The TPRM Fundamentals training includes four training course modules and a total of eight distinct lessons. A case study is presented in each module to summarize key information and applying the acquired knowledge to on-the-job third party risk situations using review questions or knowledge checks.
This course is a good fit for individuals who are new to third party risk management or are newly assigned to third party risk responsibilities. The class is also appropriate for individuals who may work within a TPRM program on tasks/activities but may not be accountable for the overall structure of the program.
Organizations that manage and maintain TPRM programs may want to consider utilizing this class as an onboarding training program to employees new to risk, information security/privacy, procurement, or compliance functions. The class can also be used to educate stakeholders want to enhance their knowledge of TPRM and factors involved in managing third party risk.
The TPRM Fundamentals registration cost includes the self-study online class, review questions, case study, quiz, and downloadable access to reference and job aid materials.
The training is accessed via an online education management system. To register for and take the class you must either log into your existing Education portal account or set up an account in the system. To set up an account you must provide first name, last name, job title, organization name, and email address. Once the training is purchased online, it can be accessed immediately through the same account.
Yes. If you wish to use an alternative means of payment other than credit card, please email us with your request at education@sharedassessments.org.
The platforms used are both lightweight and efficient. Any modern-day computer regardless of platform will be able to access our platforms without issue. We do recommend a screen resolution of at least 1080P (1920×1080) and at least a 10mb internet connection speed.
No. TPRM Fundamentals is a certificate program and reflects completion of a training or education program that accomplishes specific intended learning outcomes. Individuals who complete the training receive a certificate of course completion but do not receive a professional credential.
No. TPRM Fundamentals training has no maintenance, renewal, or ongoing CPE requirements.
No. This training is designed for those individuals who have little or no third party risk experience. There is no required experience level, prerequisite knowledge, or pre-work needed prior to taking the training.
Google Chrome is the preferred web browser.
The TPRM Fundamentals quiz contains 25 multiple choice questions that cover 75% of the learning objectives of the curriculum. Questions include testing of knowledge acquired in the class using Third Party risk situations. A score of 70% or higher must be achieved to pass the quiz and complete the training
No. Completing the course does not qualify you as a member of Shared Assessments. Your current employer must be an active member of Shared Assessments for you to participate in Member-only events and activities such as committee meetings and monthly Member Forum Calls. Shared Assessments does offer CPE-earning activities for non-members such as our annual Summit, webinars, workshops, and training. To learn more about membership for your organization and non-member CPE-earning events, visit our website.
All CPEs earned by attending Shared Assessments events or participating in Shared Assessments member-related meetings can be found and downloaded from your account in the Shared Assessments Education and Events portal.
One CPE hour is earned for each fifty (50) minutes of active participation (excluding lunches and breaks) for qualifying educational activities and meetings. CPE calculations for online self-study training allocate CPEs using either word count or pilot test duration metrics based on the Statement on Standards for Continuing Professional Education (CPE) Programs.
A Certificate of Completion will be emailed to the address associated with your account and available for download from your account within 24 hours of completing the course. If you do not receive the certificate within 24 hours after completing the training, please check your spam or junk folder. If you did not receive it, contact us at education@sharedassessments.org or call us during normal business hours at 505-466-6434.