What are the elements of vendor assessment?

What are the elements of vendor assessment?
As a business analyst, at some point you're sure to be asked to help with various stages of vendor selection and vendor assessment. For example, you might be asked to help with the initial build-or-buy decision, preparing the Request for Proposal (RFP), or the evaluation of vendor demos or proofs of concept. Ultimately, you may even be asked to help select the vendor.

As part of the process of assessing vendors, you'll need to analyze the requirements that each vendor solution meets. You'll need to know the priority of the requirements, how thoroughly the vendor's solution meets them, whether the vendor solution fails to meet critical or high-priority requirements, what workarounds exist for these requirements, etc. You'll likely need to apply decision analysis tools to help the business choose the best solutions.











©Copyright 2000-2017 Emprend, Inc. All Rights Reserved.
About us   Site Map   View current sponsorship opportunities (PDF)
Contact us for more information or e-mail info@projectconnections.com
Terms of Service and Privacy Policy

Get Our Newsletter
Get our latest content delivered to your inbox, every other week. New case studies, articles, templates, online courses, and more. Check out our Newsletter Archive for past issues.

Follow Us!
Linked In Facebook Twitter RSS Feeds

Got a Question?
Drop us an email or call us toll free:
888-722-5235
Learn more about ProjectConnections, our contributors, and our membership levels and product options.