A California-based agency is seeking a robust governance, risk, and compliance (GRC) platform to enhance its IT risk management processes. The desired solution will facilitate both third-party/vendor IT risk assessments (VRM) and internal IT integrated risk assessments (IRM), serving the needs of a geographically dispersed, federated organizational structure.

Key requirements for the platform include support for workflow management, the ability to gather vendor questionnaires, perform risk analysis, track assessment statuses, and provide comprehensive reporting capabilities. The platform should enable secure sharing of vendor information among agency locations through a searchable internal vendor repository. Additionally, it must support consolidated risk reporting for both local leadership and senior agency executives.

The implementation of this platform will form the backbone of a systemwide assessments service, managed by an in-house team, to standardize and streamline risk management practices across the agency.