CTPRP STUDY FLASH CARD | 266
QUESTIONS | WITH ACCURATE
SOLUTIONS!!
resilience
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2 of 266
Definition
Each program components to implement and operate a TPRM
program, including applying knowledge of each function in real
Third-Party Risk scenarios.
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Third-Party - (3) Risk Controls Domains -
(2) Third-Party Risk
Non-IT Focus Areas for TPRM.
Management -
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3 of 266
Term
Can Trigger contract reviews:
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Merger dissolution, Data migration, Change in service fees, Legal dispute,
Change in supplier, Contract renewal, Security upgrade, Performance
, improvement, and Competitive pressure.
Internal restructuring, Economic downturn, Change in management, Software
update, Market fluctuation, Policy revision, Natural disaster, Contract extension,
and Financial audit.
Bankruptcy, Data breach/incident, Merger/acquisition, Change in services
provided, Regulatory change, Change in ownership, Act of god, Contract
breach, and Performance failure.
Product recall, Change in pricing, Technological advancement, Regulatory
approval, Change in ownership structure, Contract renegotiation, Environmental
event, Contract termination, and Customer dissatisfaction.
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4 of 266
Definition
New Relationship Planning
Third Party Selection
Relationship Management
Contract Termination
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Contract Termination New Relationship Planning
Third Party Contract Lifecycle.
, Third-Party Inventory (also 3rd Party
Register) -
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5 of 266
Term
Dashboards and Intelligence tools:
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Tracking Events, Monitoring Reporting Issues, Scheduling
Service Agreement, and Maintenance, and Customer
Performance Measures. Satisfaction Surveys.
Analyzing User Feedback,
Automating Tasks, Streamlining
Managing Project Timelines, and
Processes, and Budget Planning.
Resource Allocation.
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6 of 266
Term
When thinking of the risk rating process and risk rating status:
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QUESTIONS | WITH ACCURATE
SOLUTIONS!!
resilience
, Don't know?
2 of 266
Definition
Each program components to implement and operate a TPRM
program, including applying knowledge of each function in real
Third-Party Risk scenarios.
Give this one a try later!
Third-Party - (3) Risk Controls Domains -
(2) Third-Party Risk
Non-IT Focus Areas for TPRM.
Management -
Don't know?
3 of 266
Term
Can Trigger contract reviews:
Give this one a try later!
Merger dissolution, Data migration, Change in service fees, Legal dispute,
Change in supplier, Contract renewal, Security upgrade, Performance
, improvement, and Competitive pressure.
Internal restructuring, Economic downturn, Change in management, Software
update, Market fluctuation, Policy revision, Natural disaster, Contract extension,
and Financial audit.
Bankruptcy, Data breach/incident, Merger/acquisition, Change in services
provided, Regulatory change, Change in ownership, Act of god, Contract
breach, and Performance failure.
Product recall, Change in pricing, Technological advancement, Regulatory
approval, Change in ownership structure, Contract renegotiation, Environmental
event, Contract termination, and Customer dissatisfaction.
Don't know?
4 of 266
Definition
New Relationship Planning
Third Party Selection
Relationship Management
Contract Termination
Give this one a try later!
Contract Termination New Relationship Planning
Third Party Contract Lifecycle.
, Third-Party Inventory (also 3rd Party
Register) -
Don't know?
5 of 266
Term
Dashboards and Intelligence tools:
Give this one a try later!
Tracking Events, Monitoring Reporting Issues, Scheduling
Service Agreement, and Maintenance, and Customer
Performance Measures. Satisfaction Surveys.
Analyzing User Feedback,
Automating Tasks, Streamlining
Managing Project Timelines, and
Processes, and Budget Planning.
Resource Allocation.
Don't know?
6 of 266
Term
When thinking of the risk rating process and risk rating status:
Give this one a try later!
