Vendor Risk Score

Modified on Tue, 13 Jun, 2023 at 4:58 PM


Vendor Risk Score is unique because it is not calculated from the risk register. It is calculated from the Assessments and Findings for the Vendor. The formula is:


Vendor Risk Score = (Avg latest assessment) + Finding Score.


Average Latest Assessment

We will consider any unique assessment template sent to Vendor and its related Engagements. We will average all the scores from each custom assessment templates. This gives company the total control to determine what is the latest assessment template they should use and their latest risk scoring criteria. 


Finding Score

All outstanding findings will be included in the vendor risk score. See details on how Finding Score is calculated. 


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons

Feedback sent

We appreciate your effort and will try to fix the article