A Guide to Vendor Risk Management Reporting in 2024 | UpGuard

This VRM guidance provides a concise reporting framework for stakeholders and senior management, describing required sections—an executive summary, identification and impact analysis of high-risk vendors, third-party risk trends, vendor inventory and tiering, and initial vendor assessments—and recommends quantification methods, risk tiering, and automation to streamline vendor risk reporting and continuous monitoring; it is guidance rather than an incident report.