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<p><span style="color:#000000"><span style="font-size:24px"><strong>IT Vendor Risk Management Standard Requirements</strong></span></span></p>
<p><span style="color:#000000"><span style="font-size:20px">Sample Requirements:</span></span></p>
<ol>
<li style="text-align: left;"><span style="color:#000000"><span style="font-size:15px">Do we make sure to ask about our vendor's customer satisfaction rating and references in our particular industry. If the vendor does not know its own rating, it may be a red flag that you're dealing with a company that does not put Customer Service at the forefront. How would a company know what to improve if it had no idea what areas customers felt were lacking?</span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-size:15px">Has management considered from external parties (e.g., customers, vendors and others doing business with the entity, external auditors, and regulators) important information on the functioning of an entitys enterprise Risk Management?</span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-size:15px">A significant amount of data will be regularly received by the vendor (from nih, cms, and other government and non-government entities). is this data de-identified according to hipaa privacy standards as a matter of course?</span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-size:15px">How many training hours are included within the standard support and maintenance agreement and how is that training delivered (e.g., at the vendors location, onsite at the customers location, via the web)?</span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-size:15px">Worth what paid for (wwpf): the quantitative evaluation by a person in your customer segment of the question: considering the products and services that we offer, are they worth what clients pay for them?</span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-size:15px">Can visitors/customers easily find all relevant information about your products (e.g., prices, options, technical specifications, quantities, shipping information, order status) on your website?</span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-size:15px">Do you look for vendors whose solutions are designed to facilitate your IWMS objectives. Do their solutions promote efficiencies, reduce costs, mitigate compliance-related risks and speed time to market?</span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-size:15px">Have we thought of cost, functionality,vendor support, vendor viability, quality of documentation, ease of learning, ease of use, ease of installation, response time, throughput, version?</span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-size:15px">Question to cloud provider: Do you offer single-sign-on for access across multiple applications you offer, or trusted federated single-sign-on across applications with other vendors?</span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-size:15px">Can you name any software product that has a tuning process (when one part changes or has new components added or a different vendor adds something to it, all parts are evaluated)?</span></span><br />
</li>
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<p style="text-align:left"><span style="color:#000000"><span style="font-family:verdana"><a href="http://zaale.com/l/J9dyb892892r4VxIWGcw892l7Etw/Hyo5v5TCb3j763Qjfgq5fTDQ/GE9KIdF14H5o14QoewC3kA"><img align="right" alt="" height="900" src="https://cdn5.bigcommerce.com/s-ilcoov/products/141169/images/170684/IT_Vendor_Risk_Management_FC__35837.1523594873.1280.1280.gif?c=2" style="margin:5px" width="600" /></a> </span></span></p>
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<p style="text-align:center"><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana"><span style="font-size:16px"><strong>WHY OWN THE IT VENDOR RISK MANAGEMENT SELF-ASSESSMENT?</strong></span></span></span></span></span></p>
<p style="text-align:left"><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana">The IT Vendor Risk Management Self-Assessment will make you a IT Vendor Risk Management expert by: </span></span></span></span></p>
<ul>
<li style="text-align: left;"><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana">Reducing the effort in the IT Vendor Risk Management work to be done to get problems solved</span></span></span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana">Ensuring that plans of action include every IT Vendor Risk Management task and that every IT Vendor Risk Management outcome is in place</span></span></span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana">Saving time investigating strategic and tactical options and ensuring IT Vendor Risk Management opportunity costs are low</span></span></span></span><br />
</li>
<li style="text-align: left;"><u><em><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana">Delivering tailored IT Vendor Risk Management advise instantly with structured going-forward plans</span></span></span></span></em></u></li>
</ul>
<span style="color:#000000"><span style="font-family:verdana"> </span></span></div>
<p><span style="color:#000000"><span style="font-family:verdana"><span style="font-family:verdana"><span style="color:#000000"><strong><a href="http://zaale.com/l/J9dyb892892r4VxIWGcw892l7Etw/Hyo5v5TCb3j763Qjfgq5fTDQ/GE9KIdF14H5o14QoewC3kA"><img alt="" height="311" src="https://cdn6.bigcommerce.com/s-ilcoov/products/141169/images/170692/IT_Vendor_Risk_Management_RACI_Matrix__52339.1523594873.1280.1280.jpg?c=2" width="600" /></a></strong></span></span></span></span></p>
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<span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana"><span style="font-size:16px"><strong>SET NEW IT VENDOR RISK MANAGEMENT STANDARDS OF EXCELLENCE</strong></span></span></span></span></span></p>
<p style="text-align:left"><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana">The IT Vendor Risk Management Self-Assessment helps our clients create such high levels of IT Vendor Risk Management value that they set new standards of excellence.</span></span></span></span></p>
<ul>
<li style="text-align: left;"><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana">Ensures you don't miss anything: 942 criteria in 7 RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain) steps with easy and quick navigating and answering for 1 or up to 10 participants</span></span><br />
</span></span></li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana">Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix</span></span><br />
</span></span></li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana">Gives you a professional Dashboard to guide and perform a thorough IT Vendor Risk Management Self-Assessment</span></span></span></span><br />
</li>
<li style="text-align: left;"><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana">Is secure: Ensures offline data protection of your Self-Assessment results</span></span></span></span><br />
</li>
<li style="text-align: left;"><em><u><span style="color:#000000"><span style="font-family:verdana"><span style="color:#000000"><span style="font-family:verdana">Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next</span></span></span></span></u></em></li>
</ul>
<p><span style="color:#000000"><span style="font-family:verdana"> </span></span></p>
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<p><span style="color:#000000"><span style="font-family:verdana"><span style="font-family:verdana"><a href="http://zaale.com/l/J9dyb892892r4VxIWGcw892l7Etw/Hyo5v5TCb3j763Qjfgq5fTDQ/GE9KIdF14H5o14QoewC3kA"><img align="left" alt="" height="471" src="https://cdn6.bigcommerce.com/s-ilcoov/products/141013/images/168579/Agile_Framework_Radar_Chart_-_Process_Average__14719.1520462412.1280.1280.jpg?c=2" style="margin:5px" width="600" /></a></span><br />
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<span style="font-family:verdana"><a href="http://zaale.com/l/J9dyb892892r4VxIWGcw892l7Etw/Hyo5v5TCb3j763Qjfgq5fTDQ/GE9KIdF14H5o14QoewC3kA"><img align="right" alt="" height="233" src="https://cdn6.bigcommerce.com/s-ilcoov/products/138692/images/156251/Service_Level_Agreement_Participant_view__62705.1503431033.1280.1280.jpg?c=2" style="margin:5px" width="250" /></a></span><span style="font-family:verdana"><strong><a href="http://zaale.com/l/J9dyb892892r4VxIWGcw892l7Etw/Hyo5v5TCb3j763Qjfgq5fTDQ/GE9KIdF14H5o14QoewC3kA"><img align="left" alt="" height="233" src="https://cdn6.bigcommerce.com/s-ilcoov/products/138692/images/156249/Service_Level_Agreement_Summary_responses__92019.1503431031.1280.1280.jpg?c=2" style="margin:5px" width="250" /></a></strong></span></span></span></p>
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<p style="text-align:center"><span style="color:#000000"><span style="font-family:verdana"><span style="font-family:verdana"><span style="font-size:16px"><strong>COST/BENEFIT ANALYSIS; IT VENDOR RISK MANAGEMENT<br />
SELF-ASSESSMENT JUSTIFICATION AND APPROVAL TOOLS:</strong></span></span></span></span><br />
</p>
<p><span style="color:#000000"><span style="font-family:verdana"><span style="font-family:verdana">Purchasing a The Art of Service Self Assessment will spur new ideas, fast track project strategy and advance your professional skills. We’ve developed a set of criteria that will aid in gaining approval and give you the ability to validate and review your Self-Assessment investment:</span></span></span><br />
</p>
<ul>
<li><span style="color:#000000"><span style="font-family:verdana"><span style="font-family:verdana">Excluding hired consultants and advisors from top management consulting firms, internal IT Vendor Risk Management Self-Assessment work is typically undertaken by senior level positions with titles such as Enterprise Architect, Business Process Architects, Business Process Re-engineering Specialists and Business Architects.</span></span></span><br />
<ul>
<li><span style="color:#000000"><span style="font-family:verdana"><span style="font-family:verdana">Statistics according to Glassdoor and <a href="" https:="" jobs="" www.indeed.com="">Indeed</a> tell these positions receive an average basic pay of $125,000. Daily rates of basic pay are computed by dividing an employee's annual pay by <a computing-hourly-rates-of-pay-using-the-2087-hour-divisor="" fact-sheets="" href="" https:="" pay-administration="" pay-leave="" policy-data-oversight="" www.opm.gov="">260 days</a>. The daily salary is then derived by dividing the annual salary of $125,000 by 260 days = a daily rate of $480.</span></span></span><br />
</li>
</ul>
</li>
<li><span style="color:#000000"><span style="font-family:verdana"><span style="font-family:verdana">Top management consulting firms <a how-much-do-top-management-consulting-firms-charge-clients-per-consultant="" href="" https:="" www.quora.com="">start at $2,000 a day</a>, with rates typically charged up to 40 hours per week.</span></span></span></li>
</ul>
<p><span style="color:#000000"><span style="font-family:verdana"> </span></span></p>
<p style="text-align:center"><span style="font-size:18px"><span style="color:#000000"><span style="font-family:verdana"><span style="font-family:verdana"><strong>For a fraction of this the Self-Assessment will make you<br />
a IT Vendor Risk Management domain authority.</strong></span></span></span></span></p>
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<p><strong>The U.S. Department of Commerce, National Institute of Standards and Technology (NIST) has included</strong> The Art of Service's Cyber Security Self Assessment on their Framework Industry Resources list since The Art of Service's Self Assessment <strong>is deemed qualified, accurate and comprehensive as a Guidance</strong> that Incorporates the Framework: <a href="http://zaale.com/l/J9dyb892892r4VxIWGcw892l7Etw/LOiKSArZjx81qi6892Y9uP4A/GE9KIdF14H5o14QoewC3kA">https://www.nist.gov/cyberframework/industry-resources</a></p>
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