Application acquisition review
A comprehensive assessment performed on an application system that is being acquired, implemented or re-evaluated. This analysis examines various aspects to ensure the software solution meets necessary requirements, such as:
- Verifying that adequate controls and safeguards are architected into the system design to protect data integrity and security.
- Validating the application will reliably execute processing functions in an accurate, complete and robust manner per specifications.
- Confirming the system will operate as intended and deliver the expected features/capabilities to fulfill business needs.
- Determining compliance with any applicable laws, regulations or statutory obligations relevant to the application’s purpose.
- Reviewing adherence to the organization’s defined system acquisition lifecycle and governance processes.
The objective is to critically analyze the application from multiple dimensions before investment or continued operation to identify potential issues, risks or gaps requiring remediation.
