Third Party Innovation Risk

Third Party Innovation at the Speed of Change

(3PRM-Innovation Risk)

This eLearning training program was created in partnership with Linda Tuck Chapman, a leading expert in third-party risk and relationship management and CEO of the Third Party Risk Institute. It will help you understand how to set up standards, processes, and protocols for managing innovation risk.

What is “innovation risk”?

Companies often face challenges with innovation, such as identifying and managing risks associated with new products or services. Collaborating with small or young companies can be difficult due to their lack of risk controls and co-developing products raises questions about risk identification and management. Innovation Risk is here to help you, as a risk professional, set in place the right standards, process, protocols, and controls to safely onboard innovation.

What will I learn in this course?

The 3PRM-Innovation Risk program is applicable to so many roles in
sourcing, outsourcing, procurement, vendor management, third-party risk management, and related fields. If you work with third parties in any capacity, then this program is for you. And it’s not just for practitioners, it’s also for the providers who serve them.

The program covers:

• Critical success factors for selecting “high potential” innovation projects
• How to onboard third-party innovation in 10 days or less
• Proven best practices for identifying and managing risks
• Driving “best value for money”
• Modifying standard processes to onboard innovation at the speed of change.

Who should take the course?

The 3PRM-Innovation Risk program is applicable to so many roles in
sourcing, outsourcing, procurement, vendor management, third-party risk management, and related fields. If you work with third parties in any capacity, this program is for you. And it’s not just for practitioners, it’s also for the providers who serve them.

How is the course structured?

The 3PRM-Innovation Risk Program is a self-paced learning journey that takes approximately 4 hours to complete.

Our state-of-the-art learning management system can be accessed from any device and saves the students’ progress from where they left off. This allows students to balance their busy schedules and pause, replay, or pick back up when is most convenient for them. In this delivery model, there is no required discussion with faculty nor essay requirements, or quiz assessments.

*For this program, students must complete all graduation requirements within 3 months of starting. Graduation requirements include completing all lessons and reviewing all supplemental resources.

What can I expect after completing the course?

In addition to the knowledge, skills and tools gained, those who have completed the course can immediately apply what they learned. All graduates of the course are issued a certificate of completion as well as a digital badge to share on social media like LinkedIn.

Graduates are also invited to join the SIG University Alumni and Faculty private LinkedIn group to stay connected with peers and faculty.