TPRM Meaning?
TPRM stands for Third-Party Risk Management, a practice organizations use to identify, assess, and mitigate risks associated with working with third-party vendors or service providers. It ensures these entities comply with regulations, maintain security, and align with the organization’s standards to prevent potential vulnerabilities.
TPRM Synonyms
Vendor Risk Management
Supplier Risk Assessment
External Partner Risk Management
Outsourcing Risk Control
Vendor Compliance Monitoring
Third-Party Compliance
Supplier Governance
Partner Risk Evaluation
Outsourced Service Risk Management
Vendor Oversight
TPRM Antonyms
Internal Risk Management
In-house Compliance
Organizational Risk Control
Company-owned Risk Assessment
Self-governance
Internal Operations Management
In-house Oversight
Direct Risk Management
Proprietary Compliance
Company-run Monitoring
TPRM Short Sentence Examples
Our company has a robust TPRM process to manage vendor compliance.
TPRM helps mitigate risks in outsourcing critical services.
Effective TPRM ensures vendor alignment with cybersecurity standards.
The audit team recommended improving our TPRM framework.
Implementing TPRM reduces potential liabilities from third-party failures.
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