Nov 9, 2015
A Due Diligence process requires data to be able to properly analyse the risk of a particular partner. A common method of starting a process involves asking questions via a form of questionnaire. Often this stage involves taking an existing physical document and transforming it into a questionnaire fit for an online process.
Considerations at this point include:
- Who should be asked (internal or external responses)
- What questions should be asked;
- How can questions be asked to reduce ambiguity and gain the maximum information.
- How to design the questionnaires to minimize the time taken to respond.