ISO 44001 is the international norm for Business Relationship Management (BRM), in particular for organizations seeking guidance in managing third-party business relationships more effectively and with higher success rates and longer longevity with the help of external BRMs.
ISO 44001 describes the implementation of an integrated process approach for the management of (third-party strategic) business relationships. It consists of a set of minimum requirements to audit an organization against effective Business Relationship Management.
Even though ISO 44001 was developed independent from the BRM Institute’s interactive Body of Knowledge, or BRMiBOK®, both appear to be remarkably compatible.
This white paper introduces external BRMs to how to benefit from the recommendations of the BRMiBOK when seeking compliance with the requirements of the ISO 44001 standard.