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11 Third-Party Risk Management Best Practices in 2024 | UpGuard

ID: ce6e98fe-b62f-5f4c-b2ad-c658ec994a32

STIX ID: report--ce6e98fe-b62f-5f4c-b2ad-c658ec994a32

Feed Name: UpGuard Blog

Date Published: 2024-05-17

Date Updated: 2026-05-01

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This UpGuard article presents 11 best practices for establishing and scaling a third-party risk management (TPRM) program — including executive alignment, accurate vendor inventories, combined point-in-time assessments with continuous monitoring, KPI-driven metrics, fourth-party monitoring, dedicated TPRM governance, and automated workflows — and positions UpGuard Vendor Risk as the recommended solution with examples and customer testimonials.

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