Formal Request for Proposal (RFP) vs Non Request for Proposal (Non RPF)

Request for Proposal

One of the formal Request for Proposal which has to be carefully analyzed using criteria, standards and cost effective. Also the necessary features can be compromised in many cases. Also the typical initial steps of current state analysis/bench marking, future state requirements acquisition/ validation, software review will go on for years.

Non Request for Proposal

The Christ Hospital with the help of its consulting partner, Accenture has adopted a unique way of first identifying the three core IT implementation areas, then a list of selected vendors were given opportunity to explain on-site about their inclination towards guiding principles and ideas to face the project’s goals. With this approach, vendor selection took less than 2 months and contract was finalized within less than a month. This process reduces documentation and laborious process of bidder conferences and selecting a vendor. Since only few qualified vendors are eligible, it reduces the complex review and evaluation process of selecting a vendor. It may prove particularly in time bound projects. This approach can be highly risky but if it is under continuous and expert supervision, it could prove successful. More studies need to be focused on this approach.

Early Cost Analysis

According to informatics and healthcare IT professionals, 70 percent of the total cost of ownership is internal costs to the institution. Also according to Kannry et.al.,the traditional RFP, detailed total cost of ownership (TCO) analysis is essential in vendor selection.The decision to include an ROI (Return on Investment) analysis with the TCO (Total Cost Ownership) analysis should be made in consultation with senior management, particularly the Chief Financial Officer(CFO).