Create new third-party risk task form

  • Release version: Australia
  • Updated March 12, 2026
  • 1 minute to read

    • Use the third-party risk task form to capture the information needed to create a task in the Third-party Risk Management application. As a third-party risk assessor or manager, you can create an external task.

    Table 1. Third-party risk task form
    Field Description
    Short description / Description High-level and detailed information about the issue that needs to be resolved and the method for resolving it.
    Number For each task, the system auto-assigns a unique ID number that starts with the text VRT.

    The unique ID is used in all references to the item. You can use the ID to search or filter for the item that you want to work on.
    Applies to
    • Third party: The task applies to the parent third-party organization.
    • Element: The task applies to the third-party element.
    Third party Third party with which the task is associated.
    Element Element with which the task is associated.
    Assessment Assessment with which the task is associated.
    Issue Issue with which the task is associated.
    State State of progress for the task.
    • Open
    • Submitted to third party: Applies to external tasks.
    • Work in progress
    • Review
    • Closed complete
    • Closed incomplete
    • Closed cancelled
    Priority Priority level for the task. The value appears in all reports that include the task.
    Assignment group Qualified group of individuals available to work on the request.
    Assigned to User that is responsible for managing and closing the task.
    Third-party contact Contact at the third party with which the task is associated.
    Watch list Other users you added who receive updates when the task state or other values change.
    Visible in third-party portal Option to display the task to the third-party contacts in the third-party portal.
    Task schedule section
    Planned duration / Actual duration Time period expected for the task, and the actual duration calculated from the actual start and actual end dates.
    Planned start date / Planned end date Expected start and end dates for the task.
    Actual start date / Actual end date Actual start and end dates for the task based on the first action and the date the task was closed.
    Closed by User who closed the task. Typically the user in the Assigned to field.
    Created / Updated Dates that the task was saved and date of the latest change.