Third-Party and Vendor Governance Template
Governing external dependencies and vendor relationships to manage risk explicitly
The Third-Party and Vendor Governance template provides a structured approach to governing external dependencies and vendor relationships to manage risk explicitly.
Template Sections
This template includes 7 sections.
Vendor Governance Overview
Describe the vendor governance model: the assessment criteria, the ongoing monitoring approach, the contract governance...
Vendor Assessment Framework
Document the vendor assessment framework: the criteria evaluated (financial stability, technical capability, support...
Vendor Onboarding Checklist
Define the checklist for onboarding new vendors: risk assessment complete, contract terms reviewed, exit strategy...
Vendor Risk Register
Register all vendor risks: vendor lock-in, financial instability, service degradation, contract disputes, and the...
Vendor Governance Principles
State the principles: every vendor has an exit strategy, vendor performance is measured against SLAs, vendor...
Vendor Performance Monitoring
Document how vendor performance is monitored: the metrics tracked, the review cadence, the escalation process, and the...
Vendor Governance Risks
Document risks: vendor governance that is reactive, exit strategies that are theoretical, vendor dependencies that are...
Section Details
Block Types Used
| Section | Block Type | Purpose |
|---|---|---|
| Vendor Governance Overview | Rich Text | Describe the vendor governance model: the assessment criteria, the ongoing... |
| Vendor Assessment Framework | Vendor Assessment | Document the vendor assessment framework: the criteria evaluated (financial... |
| Vendor Onboarding Checklist | Governance Checklist | Define the checklist for onboarding new vendors: risk assessment complete,... |
| Vendor Risk Register | Risk Register | Register all vendor risks: vendor lock-in, financial instability, service... |
| Vendor Governance Principles | Principle | State the principles: every vendor has an exit strategy, vendor performance is... |
| Vendor Performance Monitoring | Operational Note | Document how vendor performance is monitored: the metrics tracked, the review... |
| Vendor Governance Risks | Risk | Document risks: vendor governance that is reactive, exit strategies that are... |
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