What is Request for Proposals
(RFP) ? How is this different from a Request for Information
(RFI)?
Ans. (Contributed by Prerna
Kejriwal)
Request for Information is used to get insight into
particular point to make decision and Request for
Proposal is used to ask for the alternatives or Change
in the system.
Request for Proposal : Request for
proposal typically motivated by one of three general
objectives :
·
Solve a problem : An activity, process, or
function that does not now or may not in the future
meet performance standards or expectations unless
remedial actions are taken
Example : Reduce excessive data entry errors
by eliminating the manual entry of sales details.
·
Capitalize on an opportunity : A change to
expand or improve business performance and competitive
achievements.
Example : Capture a large base of customers
by offering a new airline frequent flier program focusing
on discounted airfares.
·
Respond to a directive : An order, request,
or mandate originating from a legislative or management
authority to provide information, perform in a certain
manner, or alter either information or performance.
Example : Report annually to the
U.S. Internal Revenue Service, using Prescribed formats,
interest earned on savings, checking and time deposit
accounts.
Request
for information could be originated from any or combination
of the following criteria :
