How to Write Functional Requirements that won’t Sabotage your RFP
Don’t Fence Them In! Write Functional Requirements that won’t Sabotage your IT Vendor’s Ability to Deliver an innovative Pension Administration Solution
Following up a previous article on creating great functional requirements for your RFP, this post further examines what a functional requirement is and—just as important—what it isn’t. Understanding this key distinction can make all the difference when you’re trying to compose an RFP that accurately identifies your unique business requirements but which doesn’t compromise the IT vendor’s ability to deliver an innovative pension administration system that truly empowers your organization.
9 Keys to Great Functional Requirements for Your Pension System RFP
Anyone who has had the responsibility of writing or reading an RFP for a pension administration system replacement project understands the importance of clearly written requirements. For the writer, the challenge is to commit to paper hundreds—if not thousands—of requirements from across the organization. For the it vendor, the challenge comes from understanding these requirements with little contextual information about the prospective client or their pension system. Because the RFP is often the only legal means customers and vendors have for relating to, and partnering with, each other early in the procurement process, clear, purposeful requirements are absolutely critical to both parties.
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Sagitec is a global technology solutions company delivering dynamic, tailor-made IT solutions to leading public and private organizations. Subscribe to our blog to stay up-to-date with the latest industry news and trends.