Exam 2: Identifying and Selecting Projects

The RFP must state the project objective or purpose, including any rational or background information that may be helpful to contractors so that they can prepare thorough and responsive proposals.

An RFP might state the payment terms the customer intends to use.

Disadvantages for doing a project may have a positive impact on an organization.

The project charter is also called a project authorization or a project initiation document.

The success criteria in the project charter indicate the expected benefits of the project including what the expectations are for project success.

An RFP must indicate the funds the customer has available to spend on the project.

The RFP should state the required schedule for completion of the project and key milestones.

Some potential contractors will know more about an organization due to prior contracts and relationships. This is an unfair advantage for those contractors to submit a proposal to an RFP.

The purpose of preparing a request for proposal is to state, comprehensively and in detail, what is required, from the contractor's point of view, to address the identified need.

The RFP should provide instructions for the format and content of the contractor proposals.