A series of business incidents, due to internal and external factors, have revealed significant gaps in HealthNext Care System’s Vendor Risk Management (VRM) practices. As a result, Samantha Currie, the VP of the Vendor Management group, has come under scrutiny from senior level executives including the CFO, Legal, Compliance, Enterprise Risk Management and Internal Audit. In a presentation to the senior executives and stakeholders, Currie was given approval to launch a VRM Improvement Program to address the noted gaps and strengthen their capabilities. You have been engaged by Currie to help improve the way HealthNext manages its vendor risks.