Vendor Assessment and Evaluation Framework (VAEF)
Vendor assessment is an evaluation and approval process which businesses can use to determine if prospective vendors can meet their organizational standards and obligations once under engagement in short of long-term contract. Below is the IT vendor assessment and guideline framework:
- Technical Requirements
- Design Requirements
- Performance Requirements
- Coding Requirements
- CI/CD Automation Requirements
- Security Requirements
- Testing Requirements
- Data Design Requirements
- Business Continuity and Disaster Recovery Requirements
- Skill Sets and Resource Requirements
- Vendor Scorecard and Evaluation
Below can be set as the response code to be used for your vendor response evaluation and quantifyL
- F – Fully Compliant (proposed services and/or solution fully complies with this requirement)
- E – Exceeds Requirement (proposed services and/or solution fully complies with AND exceeds this requirement)
- C – Complies with Modified Requirement (proposed services and/or solution only complies with this requirement if adopts alternate proposed requirement language)
- N – Does Not Comply (proposed services and/or solution does not comply with this requirement).
Feel free to set your framework and let us know this helped you also feel free to share if any suggestions or feedback to improvise the vendor assessment and evaluation framework.