| Context & Usage |
RFQs are most useful when requirements are well understood and price comparison is a major decision factor.
Project managers, sponsors, and project-controls staff use this concept in budget reviews, performance reporting, forecasting, and variance conversations.
Related concepts include Budget, Cost Baseline, Planned Value, Earned Value, Actual Cost and Cost Variance.
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.
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