IT Due Diligence Checklist

Make better business decisions with an IT Due Diligence Checklist by having all information at your fingertips.

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General Technical Due Diligence Checklist

A due diligence template is used by investors to evaluate a product or property they wish to acquire.

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Technical Due Diligence Checklist for Commercial Real Estate

Use this technical due diligence checklist for commercial properties to list all factors and requirements to help you make an acceptable investment decision.

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Technical Due Diligence Checklist for IT/Software

Use this template to use a technical due diligence checklist to monitor IT investments for key factors in advance.

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For what is a technical due diligence checklist required?


Technical due diligence is part of the so-called due diligence. A due diligence examination describes a technical condition assessment of an object. In technical due diligence, the technical side of a potential object of purchase is closely examined and examined. This term describes the detailed examination of a potential purchase or investment object in all areas. As a rule, it is a strength and weakness analysis of the object.

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This article deals in this context with:


1. proven procedures for technical due diligence

 

2. A digital solution that will support the final report

 

What are the components of a project completion report?


To get the best out of technical due diligence, investors can apply best practicesto enable an objective assessment of the investment objective. Insufficient due diligence may cause the investor to overlook critical factors that may be regretted after an investment decision is made. Therefore the following are the three components of a technical due diligence:


  1. Prepare tailor-made technical due diligence checklist

  2. The technical due diligence checklist is carried out by investors from many industries. In the IT industry, for example, technical due diligence checklisz is performed to evaluate factors such as scalability, code quality and security of the product. In the real estate industry, on the other hand, the process is used to assess the technical and physical feasibility of a commercial property. Adapting the technical due diligence checklist to specific circumstances helps investors to develop a tailored list of questions and requirements to help them make an acceptable investment decision.


  3. Prepare investment target according to your own expectations

  4. It is more productive for all parties involved in the representative of the investment target is allowed to prepare documents and other requirements in advance. This helps to avoid delays in the technical due diligence examination.The investor will then find it easier to study the company in detail.


  5. Going through the technical due diligence checklist

  6. Although the technical due diligence checklist is only a list of requirements for the investment, this does not exempt investors from carefully going through each item on the checklist. Time should be taken to interview all key stakeholders in the investment target. The checklist may include notes of the interviews and photographs of the documents submitted. If necessary, follow-up meetings should be arranged. It should be ensured that each item on the checklist is well-founded to ensure a comprehensive technical due diligence process.



    Selection of the right technology for project completion


    The evaluation and implementation of the objectives of the final report form the basis for the project conclusion. A technical due diligence checklist is helpful in that it documents all details of activities and interruptions of the project. Lumiform, the powerful inspection app, allows project managers to avoid the hassle of unorganized documents, manual tracking of project deliverables and the cumbersome delivery of project completion reports.


    Individual digital forms

    The flexible form construction kit makes it possible to create new individual checklists at any time and to adapt them again and again.


    First class customer service

    Lumiform’s excellent 24/5 support will reliably answer all your questions about the app when you need assistance using the tool.


    Scheduling and notifications

    The Lumiform App ensures that the schedule is kept. All employees receive notifications about the procedure and due dates. Managers automatically receive notifications when assignments are overdue and problems have occurred.


    Time-defined work steps

    Keep an eye on your schedule and use the information to identify opportunities to increase your efficiency.


    Faster identification and resolution of problems

    The data you collect from inspections is collected under the Try Lumiform for free