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‎04-01-2025 11:55 PM
Can anyone please confirm how Third party elements and BCM elements are related in ServiceNow?
A quick response would be much appreciated!
Solved! Go to Solution.
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‎04-02-2025 03:30 AM
Hello @Vibha14
BCM uses risk assessments to identify potential disruptions, including those caused by third-party failures, and develops strategies like BCP to mitigate these risks.
TPRM evaluates and monitors risks associated with third-party vendors
third-party risk scores from TPRM can feed into BCM’s Business Impact Analysis (BIA) to assess the potential impact on critical operations.
Third-party elements in TPRM can be added as CIs in the CMDB, enabling them to be included in BCM assessments and recovery plans.
Hope that helps!
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‎04-02-2025 03:30 AM
Hello @Vibha14
BCM uses risk assessments to identify potential disruptions, including those caused by third-party failures, and develops strategies like BCP to mitigate these risks.
TPRM evaluates and monitors risks associated with third-party vendors
third-party risk scores from TPRM can feed into BCM’s Business Impact Analysis (BIA) to assess the potential impact on critical operations.
Third-party elements in TPRM can be added as CIs in the CMDB, enabling them to be included in BCM assessments and recovery plans.
Hope that helps!
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‎04-03-2025 12:09 AM
Thank you for providing insights here. This was helpful!
