A risk assessment process can only be analyzed when you have a perfect Vendor Risk Assessment Questionnaire prepared in advance. Vendor management is a process where an individual or group of people are hired in a company to ensure the third party services and goods are effectively integrated with the company policies. They should take care of handling issues related to customer communications, it risk management etc... and provides a cost less and risk free environment.

The vendor risk assessment questionnaire answers the security risks and cleans compliance policies from vendors outside. If you are working for an IT department you need to guarantee the 100% uptime of the servers. The ways the outside clients handle the data centers, who is allowed to physically access the servers and make configurations etc. When a company is having different outside vendors the risk assessment questionnaire is must and should for every department.  Be it a customer service, health sector or IT service. Organizations pay huge sums to for third party vendors, the vendor management team should make security and communication policies to handle the risk.

Sample Vendor Risk Assessment Questionnaire:

Vendor Risk Assessment Questionnaire Sample:
Vendor Name:------------------
Vendor address:
Telephone Number:
Fax:
Official website:
Email ID:
To which sector of the industry the company belongs to?
Do you have a plan to respond to the risks to your business?
Which of the below as you are high risk?
What is the standard operating procedure followed by the company?
Which of the following documentation of the quality system they have been executed?