Request For Proposal (RFP)

A request for proposal (RFP) is a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a service, product to potential suppliers to submit business proposals.

The RFP specifies what the customer is looking for and describes each evaluation criterion on which a vendor's proposal will be assessed.

An organization can benefit from multiple bidders and perspectives when seeking an integrated solution calling for a mix of technologies, vendors and potential configurations.

Standard RFP process:

An RFP generally includes:

Overview

About issuing organization
Issuing organization's vision and Mission
Information Technology organization Model

Testimonials

Line of Business (LOB)
Relevant past experience and performance
Testimonials from past clients

Project Overview

Define project goal and needs
Technical Approach
Samples of your work

Contract Details

Timelines
Quoted cost of the project
Tentative project plan with dates

Appendices

Nondisclosure agreements
Other legal documents

Comments

Delivering a project within budget

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Empiricism (Scrum)

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New way of product development

Today is the era of fast-paced world and competitive world. Companies are realizing that the old sequential approach to developing new products won’t get the job done and product can’t be reached to market when compared to competitors. The 4 stages of product development are as follows – R&D, Growth, Maturation, and Decline. Instead of sequential approach, companies are using holistic approach – as in rugby game, the ball gets passed within the team as it moves as a unit up the field. This holistic approach has six characteristics: 1) Build-in-instability 2) Self-organizing project teams 3) Overlapping development phases 4) Multi-learning 5) Subtle (very clear and strong) control 6) Organizational change to explore and learning The above six characteristics forming a fast and flexible process for new product development with advantage of act as a change agent, creative, market driven ideas, flexi...

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