External sourcing strategies continue to evolve requiring stronger reliance on Third Party Organizations (TPO) and TPO Oversight. Provide background on TPO Oversight throughout the entire process of managing third parties beginning with identification of a TPO and continuing through qualification, contracting, execution and termination of a TPO. Describe a way to categorize TPOs and apply best practices. Understand the relationship between TPO Management and TPO Oversight. Understand key aspects of integrated TPO Management. Understand risk based TPO oversight.