Management

Term	Definition
Asset Management Process	A systematic approach to acquiring, operating, maintaining, and disposing of assets within an organisation, aimed at maximising their value and minimising risks.
External Audit	An independent assessment or review of the TRE organisation's controls, processes, or compliance conducted by external auditors or audit firms.
Federation Operator	An organization or entity responsible for managing a federated identity system or network. In such systems, multiple independent organizations (known as "federated members") collaborate to enable secure, streamlined access to resources or services without requiring users to maintain separate credentials for each participating member.
Internal Audit	An independent evaluation process performed within the TRE organisation that assesses and improves its internal controls, risk management, and governance.
Monitoring	The continuous or periodic observation, measurement, or tracking of systems, processes, activities, or events to ensure compliance, performance, or security.
Supplier Management and Monitoring process	A structured approach to managing and monitoring relationships with external suppliers, vendors and contractors, including selection, contract management and compliance oversight.