Implementing Third-Party Risk Management Workflows | UpGuard

## Executive summary This document outlines the six-phase third-party risk management (TPRM) lifecycle—due diligence, vendor selection, risk assessment, risk management, continuous monitoring, and secure offboarding—and describes how UpGuard's platform automates evidence gathering, security questionnaires, vendor comparisons, security ratings, remediation tracking, and offboarding tasks to reduce manual effort and improve vendor cyber resilience.