You are the business analyst for your organization. You've believed that your solution can actually be purchased from outside vendor rather than trying to create the solution internally. You decide to ask the vendor to provide a fee for their services based on the statement of work. What document will you give the vendor along with the statement of work?
A) Request for quote
B) Contract terms
C) Request for proposal
D) Purchase order

Question

You are the business analyst for your organization. You've believed that your solution can actually be purchased from outside vendor rather than trying to create the solution internally. You decide to ask the vendor to provide a fee for their services based on the statement of work. What document will you give the vendor along with the statement of work?
A) Request for quote  
B) Contract terms
C) Request for proposal
D) Purchase order

Quizplus · Accepted Answer

When an organization wants just the cost of the service or product, request for quote is used. Quotes, provided by vendors to buyers, don't present any ideas or direction, but provide just the cost of the solution. Answer: C is incorrect. Request for proposal asks the vendor to provide detail on a proposed solution and the cost of the solution. Answer: D is incorrect. Purchase order tells the vendor that your organization will be purchasing the goods or services. Answer: B is incorrect. Contract terms aren't feasible, as the business analyst doesn't know how much the solution will cost. Contract terms come later in the procurement process.

You Are the Business Analyst for Your Organization