Request for Proposal (RFP) Glossary Definition

Request for Proposal (RFP) is an Enterprise software-procurement concept used to evaluate, select, license, contract, and justify applications or platforms.

Procurement, project, and architecture teams use this concept to choose products, evaluate vendors, estimate lifecycle cost, and reduce implementation risk.

Related concepts include Enterprise Architecture, Application Portfolio, Business Capability and Data Governance.

Additional Resource: Microsoft Azure Architecture Center.