Under the third party evaluation process, which is the first step to be followed? Initiate CBC and obtain Sentinel Functional Risk Partner critically assesses the need for Third Party business case Invoice by Third Party and payment by Finance team Engagement team presents the Third Party business case to the HoD and FRP Update SAN as "Lost" or "Won" for Third Party as the case maybe What is typically the life of a SAN from the date of approval when no conditions are included? 12 months 2 years 1.5 years 6 months 3 years