Feasibility Study Assessment
This study is a smaller version of a full-scale evaluation study. It is important to check in advance if the evaluation you have designed will work, which may mean carrying out a feasibility study.

- Assessment by team of professional auditors or individual specialist
- Documentation management
- Licenses and certifications
- Insurance policies
- Network drawings
- Analyze third-party risk management program
- Identifying potential risks associated with 3rd party vendors
- Classifying partnerships according to their access to the systems, networks, and data.
- Reviewing service level agreements (SLAs) to assure that vendors are performing their hired tasks.
- Determining compliance requirements for the organization to clearly outline what regulations and standards you and external partners must satisfy.
- Assessing risk for individual vendors according to their importance to the organization, access to sensitive information, and access to your digital network.
- Questioning relationships with risk management questionnaires.
Auditing decides on alliances according to their independent review. May include an on-site visit. - Continuously monitoring changes in the environment to make sure all regulations and industry standards are upheld.
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