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Lumiform Templates Vendor Risk Assessment Template

Vendor Risk Assessment Template

This vendor risk assessment template is used to compare and evaluate different vendors. It is categorized according to a predefined set of organizational criteria but it is highly customizable to fit your business needs.
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Rated 5/5 stars on Capterra
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Vendor Risk Assessment Template

Evaluation

Vendor Assessment

Click add to include a candidate vendor

Vendor Name

Contact Person

Adherence to organizational standards

Timeliness

Completeness

Overall Quality & Level of Professionalism

Overall Response

Company Information

Financial Viability

Organizational Structure

Experience with Similar Companies

Service Department

References

Partnerships

Project Understanding

Overall Comprehension of Project Objectives

Understanding of the Business Requirements

Understanding of the Business Vision

Requirements

Completeness of Vendor Response

Vendor Ability to Meet Requirements

Product Viability & History

Technology Is Sustainable

Product Roadmap

Product Development Life-Cycle

New Release Process

Terms & Conditions

Detailed Buyer Duties

Terms & Conditions

Purchase Agreement Details

Vendor Software Demonstration

Solution Is Integrated

Aligns with Company Objectives

Third-Party Products Shown

Ease of Use

System Performance

Flow & Simplicity

System Ability To Handle Requirements

Flexibility, Tailorability, Extensibility

Ability to Answer Questions

Application Robustness

Security

Data Privacy

Disaster Recovery Plan

Fee Summary

License Fees

Maintenance Fees

Purchase Timeline

Licensing Period

Other Fees

Completion

Overall Risk Assessment

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.