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Certification of Capability in Business Analysis (CCBA) · IIBA
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When seeking a vendor’s services based on a Statement of Work (SOW), the business analyst typically issues a Request for Proposal (RFP). The RFP includes the SOW and asks the vendor to propose a detailed solution, pricing, and approach to meet the specified requirements. BABOK Reference (Chapter 10: Techniques - Procurement): The RFP is used to solicit formal bids from vendors, allowing them to respond with tailored solutions and cost structures aligned with the SOW.
A. Request for quote
Request for quote