TPRM- Vendor Risk Scoring Calculation

Siddharth9
Tera Contributor

Does anyone knwo how does the Vendor Risk Score works:

Question 1: Does the third party risk area scores feed into third party components and then to third party risk score? or is it the other way round?

Question 2: Is it possible for vendor risk score to be weighted average of third party risk areas only and bypass third party component

Question 3: Why is it mandatory to have overall score in risk intelligence score than having sub scores(not subfactors).

 

1 REPLY 1

SANDEEP DUTTA
Tera Patron
Tera Patron

Hi @Siddharth9 ,

This link should answer both your questions :

https://www.servicenow.com/docs/bundle/zurich-governance-risk-compliance/page/product/grc-vendor-ris...

 

Thanks,
Sandeep Dutta

Please mark the answer correct & Helpful, if i could help you.