Ongoing Monitoring for Third-Party Risk Management (Full Guide) | UpGuard

### Executive Summary: This guide outlines ongoing monitoring in third-party risk management (TPRM), explaining its role after vendor onboarding and detailing core elements such as risk assessments, performance tracking, compliance management, incident response planning, and inclusion of fourth-party risks. It provides recommended monitoring frequencies by vendor risk level, step-by-step guidance to get started (inventory, criteria, assessments, tools, training, reporting), and best practices like automation, regular updates, cross-team collaboration, and thorough documentation.