Vulnerability Management is more then ever an important building block when it comes to early detection of issues to allow a proactive counter measure. This is only possible if various organizational areas work hand in hand starting from the information security strategy, over architecture, engineering, operations and the business side. This needs to be embedded in an according information security framework that defines the rules and requirements based on which the vulnerability management service is operated. However, this approach is only complete with an according target operating model that defines the various building blocks that contribute to a successful end-to-end service.