Vendor Risk Assessment Template

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Vendor Risk Assessment Template

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Evaluation

Vendor Assessment

Click add to include a candidate vendor

Vendor Name

Contact Person

Adherence to organizational standards

Timeliness

Good Fair Poor N/A

Completeness

Good Fair Poor N/A

Overall Quality & Level of Professionalism

Good Fair Poor N/A

Overall Response

Good Fair Poor N/A

Company Information

Financial Viability

Good Fair Poor N/A

Organizational Structure

Good Fair Poor N/A

Experience with Similar Companies

Good Fair Poor N/A

Service Department

Good Fair Poor N/A

References

Good Fair Poor N/A

Partnerships

Good Fair Poor N/A

Project Understanding

Overall Comprehension of Project Objectives

Good Fair Poor N/A

Understanding of the Business Requirements

Good Fair Poor N/A

Understanding of the Business Vision

Good Fair Poor N/A

Requirements

Completeness of Vendor Response

Good Fair Poor N/A

Vendor Ability to Meet Requirements

Good Fair Poor N/A

Product Viability & History

Technology Is Sustainable

Good Fair Poor N/A

Product Roadmap

Good Fair Poor N/A

Product Development Life-Cycle

Good Fair Poor N/A

New Release Process

Good Fair Poor N/A

Terms & Conditions

Detailed Buyer Duties

Good Fair Poor N/A

Terms & Conditions

Good Fair Poor N/A

Purchase Agreement Details

Good Fair Poor N/A

Vendor Software Demonstration

Solution Is Integrated

Good Fair Poor N/A

Aligns with Company Objectives

Good Fair Poor N/A

Third-Party Products Shown

Good Fair Poor N/A

Ease of Use

Good Fair Poor N/A

System Performance

Good Fair Poor N/A

Flow & Simplicity

Good Fair Poor N/A

System Ability To Handle Requirements

Good Fair Poor N/A

Flexibility, Tailorability, Extensibility

Good Fair Poor N/A

Ability to Answer Questions

Good Fair Poor N/A

Application Robustness

Good Fair Poor N/A

Security

Good Fair Poor N/A

Data Privacy

Good Fair Poor N/A

Disaster Recovery Plan

Good Fair Poor N/A

Fee Summary

License Fees

Good Fair Poor N/A

Maintenance Fees

Good Fair Poor N/A

Purchase Timeline

Good Fair Poor N/A

Licensing Period

Good Fair Poor N/A

Other Fees

Good Fair Poor N/A

Completion

Overall Risk Assessment

Low Medium High

Recommendations

Sign-off

Recommended Vendor

Overall Recommendation

Name and Signature of Officer in Charge

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Please note that this checklist template is a hypothetical appuses-hero example and provides only standard information. The template does not aim to replace, among other things, workplace, health and safety advice, medical advice, diagnosis or treatment, or any other applicable law. You should seek your professional advice to determine whether the use of such a checklist is appropriate in your workplace or jurisdiction.