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Authoring an RFP (Request for Proposal) involves a time-consuming process and is anything but a cheap undertaking. Speaking about money, as a very rough rule of thumb, specifying a single requirement costs about US$ 20. So, it comes as no surprise when authoring a typical RFP incurs costs in the region of US$ 20,000 and more, considering all costs involved in the process. You need an even higher budget if a service provider (e.g. a consulting firm) is involved.
So, if at all, how can you save money in the process? The answer is simple: Do things right from the beginning!
There is a small set of simple rules, that, if heeded, lead to significant results. At Jenz & Partner, we observe those rules in the development of Requirement Templates and Evaluation Specifications .
Best Practice #1: State requirements as precisely as possible
Best Practice #2: Focus on concepts rather than product
Best Practice #3: Keep the number of requirements as low as possible
Best Practice #4: Create requirement groups
Best Practice #5: Clearly distinguish between functional (behavioral) and non-functional requirements
To be continued.
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