The Vendor Risk Assessment Tool is a robust, interactive tool designed to help organizations evaluate and manage risks associated with third-party vendors. This tool allows users to input vendor details, assess risk factors such as financial stability, compliance, cybersecurity, and operational resilience, and assign a risk score based on predefined criteria. It provides a visual risk matrix, calculates overall risk scores, and generates a downloadable PDF report summarizing the assessment.

Key Features:

1. Vendor Input : Add multiple vendors with attributes like name, service type, and risk factors (e.g., financial stability, compliance, cybersecurity).
2. Risk Scoring : Assign scores to each risk factor and calculate an overall risk score for each vendor.
3. Risk Matrix Visualization : Displays vendors on a color-coded risk matrix (Low, Medium, High) for easy interpretation.
4. PDF Download Button : Generates a professional PDF report of the vendor risk assessment for documentation or sharing.
5. Modern Design : A sleek, colorful, and responsive interface that fits seamlessly into your WordPress Elementor page without interfering with the header or footer.
6. Self-Contained Container : The tool operates within its own container, ensuring no conflicts with other page elements.

Use Cases:

• Vendor Selection : Evaluate potential vendors before onboarding them.
• Risk Mitigation : Identify high-risk vendors and implement corrective actions.
• Compliance Monitoring : Ensure vendors comply with regulatory requirements.
• Performance Tracking : Monitor vendor performance and risk levels over time.

How It Works:

1. Introduction : Start by entering vendor details such as name, service type, and risk factor scores.
2. Assessment : The tool automatically calculates the overall risk score and categorizes the vendor into Low, Medium, or High risk.
3. Visualization : View vendors on a color-coded risk matrix for better decision-making.
4. Export : Click the “Download PDF” button to save the assessment as a professional report.