TPRM- Vendor Risk Scoring Calculation

[Siddharth9]

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).

[sandeepdutt]

Hi @Siddharth9 ,

This link should answer both your questions :

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

[Siddharth9]

it doesnt, it just says how scores of questionnaire come up. It doesnt say how accumulation to vendor risk score occurs.