Vendor Submitted Risks

The Vendor Submitted Risks Template is designed to enhance your project’s risk assessment process, especially when managing multiple vendors. This template provides a systematic approach to organizing, evaluating, and addressing potential risks related to vendor performance and product delivery. By centralizing your vendor data in one place, it ensures that all key contacts, products, and risk factors are easily accessible for ongoing monitoring.

Key features include a robust Risk Database, which links each identified risk to its corresponding vendor, offering detailed insights such as risk status, supply risk levels, and potential impact on project timelines. The template also includes a 5×5 Risk Matrix Calculator to help score and assess the severity of risks based on probability and impact. This tool empowers businesses and project managers to proactively mitigate risks and improve supply chain resilience through structured analysis and strategic planning.