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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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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.