AI Procurement and Third-Party AI Risk Management

Are your AI suppliers creating hidden risks for your organisation? Learn how to evaluate, govern,...

4.8(5)
152
2-4 hours
20
Intermediate

About This Course

Are your AI suppliers creating hidden risks for your organisation? Learn how to evaluate, govern, and manage third-party AI solutions responsibly with our AI Procurement and Third-Party AI Risk Management training course.

As organisations across Australia increasingly adopt artificial intelligence technologies, businesses must carefully assess risks associated with external AI providers, software vendors, cloud platforms, and AI-enabled services. Poor AI procurement decisions can create significant challenges involving privacy breaches, cybersecurity vulnerabilities, intellectual property risks, operational disruption, regulatory non-compliance, and reduced organisational control.

This comprehensive online AI governance course provides practical guidance on managing the AI procurement lifecycle, including AI use case assessment, vendor due diligence, risk classification, contract management, supplier monitoring, and AI incident management. Learners will gain the knowledge required to evaluate AI vendors, strengthen third-party controls, assess privacy and cybersecurity measures, and establish effective AI vendor governance frameworks.

What You'll Learn

By completing this AI Procurement and Third-Party AI Risk Management Training, you will learn how to:

  • Understand AI procurement risks, governance roles, and responsibilities.
  • Assess AI vendors, suppliers, and third-party technology risks.
  • Apply AI risk classification and vendor due diligence practices.
  • Evaluate privacy, cybersecurity, and operational resilience controls.
  • Manage AI contracts, supplier obligations, and compliance requirements.
  • Understand AI supply chains, subprocessors, and fourth-party risks.
  • Monitor AI systems, model changes, and ongoing vendor performance.
  • Strengthen AI governance and responsible technology adoption.

Who should Take This Course

This course is ideal for:

  • Procurement Professionals
  • AI Governance Specialists
  • Third-Party Risk Managers
  • Compliance Officers
  • Risk Management Professionals
  • Cybersecurity Leaders
  • IT Managers and Technology Teams
  • Privacy Professionals
  • Legal and Contract Management Teams
  • Digital Transformation Leaders
  • Business Executives and Decision-Makers

Career opportunities

Knowledge of AI procurement, vendor governance, and third-party AI risk management can support career growth across technology, compliance, procurement, and risk management sectors.

This training can support roles such as:

  • AI Governance Specialist
  • Third-Party Risk Manager
  • Technology Risk Consultant
  • Procurement Compliance Officer
  • Vendor Risk Analyst
  • Information Governance Specialist
  • Cybersecurity Risk Manager
  • Digital Transformation Manager
  • AI Compliance Advisor
  • Technology Governance Professional

As organisations continue integrating AI solutions into business operations, professionals with expertise in AI procurement governance and third-party risk management are becoming increasingly valuable across industries.

Requirements

There are no formal prerequisites required to complete this course.

Certification

Certification

Upon successful completion of the course and final assessment, learners will receive a Digital Certificate from Australian Compliance Training.

Certification

Why Choose Us

  • 100% online and self-paced learning designed for professionals managing modern technology risks.
  • Practical AI governance training focused on real-world procurement and vendor management challenges.
  • Content aligned with Australian privacy, cybersecurity, risk management, and responsible AI expectations.
  • Industry-relevant scenarios covering AI supplier selection, implementation, and monitoring.
  • Interactive assessments designed to strengthen practical understanding.
  • Instant digital certification upon successful completion.
  • Professional compliance training supporting safer AI adoption and stronger organisational governance.

Compliance and Regulatory Alignment

This course supports awareness and understanding of key AI governance, procurement, and third-party risk management frameworks, including:

  • Australian Privacy Act 1988 (Cth)
  • Australian Privacy Principles (APPs)
  • Responsible AI Governance Principles
  • AI Risk Management Frameworks
  • Privacy Impact Assessment (PIA) Practices
  • Cybersecurity and Information Security Governance Principles
  • Third-Party Risk Management Frameworks
  • Supplier Due Diligence Requirements
  • Contract Governance and Assurance Controls
  • Data Protection and Information Governance Requirements
  • AI Transparency, Accountability, and Human Oversight Principles

Course Curriculum

6 sections20 lectures2-4 hours
▶ 1.1 AI Procurement Roles, Accountability and Decision Rights
▶ 1.2 Australian Legal, Regulatory and Ethical Requirements
▶ 1.3 AI Use-Case Assessment and Risk Classification
▶ 1.4 AI Supply Chains, Vendors, Subprocessors and Fourth Parties
▶ Quiz
▶ 2.1 AI Market Engagement, Tender Design and Evaluation Criteria
▶ 2.2 Vendor Governance, Financial Stability and Regulatory History
▶ 2.3 Training Data, Model Transparency and Intellectual Property Review
▶ 2.4 Privacy, Cybersecurity and Operational Resilience Due Diligence
▶ Quiz
▶ 3.1 Proof-of-Concept Testing and AI Acceptance Criteria
▶ 3.2 Accuracy, Bias, Explainability and Security Validation
▶ 3.3 AI Contract Clauses, Warranties, Liability and Indemnities
▶ 3.4 Human Oversight, Access Controls and Controlled Deployment
▶ Quiz
▶ 4.1 Supplier Performance, Compliance and Risk Monitoring
▶ 4.2 Model Updates, Data Drift and Material Change Management
▶ 4.3 AI Incidents, Complaints, Escalation and Regulatory Notifications
▶ 4.4 Audit Rights, Assurance Evidence and Management Reporting
▶ Quiz
▶ 5.1 Vendor Concentration, Lock-In and Business Continuity Risk
▶ 5.2 AI Service Suspension, Replacement and Transition Planning
▶ 5.3 Data Return, Secure Deletion and System Decommissioning
▶ 5.4 Internal Audit, Board Assurance and Continuous Improvement
▶ Quiz

Frequently Asked Questions

AI Procurement and Third-Party AI Risk Management is the process of selecting, assessing, governing, and monitoring external AI vendors to manage legal, privacy, cybersecurity, operational, and compliance risks.

AI vendor risk management helps organisations reduce risks related to data privacy, cybersecurity threats, inaccurate AI outputs, regulatory breaches, vendor failures, and loss of business control.

You will learn AI procurement governance, vendor due diligence, AI risk assessment, contract controls, privacy and security reviews, implementation testing, monitoring, and exit planning.

This course is suitable for procurement professionals, compliance teams, risk managers, cybersecurity specialists, legal professionals, IT teams, governance leaders, and business managers involved in AI adoption.

AI procurement compliance ensures organisations select trustworthy AI providers, maintain human oversight, protect sensitive data, meet regulatory expectations, and implement AI systems responsibly.

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