As part of digital transformation, organizations often shift from a focus solely on costs to one that also includes shared risk and value. This broadened approach for engaging third vendors is a result of a increasing organizational recognition that third-parties can in-fact create strategic win-win opportunities. This paradigm-shift requires organizations to adopt a new mind- and technology-set when managing third-party relationships. Who should attend this session? Anyone involved in third-party governance, relationship and risk management will benefit from this session. Also, if your organization is looking to transform and fast-track maturity of the third-party governance and risk management program this would be a great session. Attendees will have a clear understanding of the need to adopt an integrated relationship, governance and risk management approach when dealing with third-party relationships.
You will learn:
- How to adopt an integrated third-party governance and risk management approach
- The business use cases that benefit from Artificial Intelligence (AI) technologies
- Why continuous monitoring of your third-party relationship is critical
Lifecycle Phase: Optimization
Jai Chinnakonda is the Founder and CEO of ENGAIZ, a technology company focused on leveraging Artificial Intelligence to help enterprises mitigate Third-Party Risks such as Cybersecurity, Data Privacy, Regulatory, Financial, Performance, Resiliency, Infrastructure, Legal, Country risks through Effective Governance and Engagement.
Through his decades of experience in managing large technology outsourcing deals, Jai brings a unique perspective and advises organizations on third party governance and risk management. He firmly believes in the Art and Science of Engagement to help build lasting and mutually beneficial relationships with third-party vendors.
He is a Certified Third-Party Risk Management Professional (C3PRMP) and a Certified Supplier Management Professional (CSMP). Jai is a member of the Harvard Business Review Advisory Council, an opt-in research community of business professionals. He was also a contributing member to the first draft of The Standard for Program Management released by the Project Management Institute (PMI).