Insurance Billing

Request for Proposal SummaryResource: Request for Proposal (RFP) in Ch. 2 Appendix 2.1 of Project Management: The Managerial ProcessWrite a 350-word paper of the RFP process after reading about it in Ch. 2 of Project Management: The Managerial Process. Discuss the RFP process….I do not need to see how you may do it at work, what you have seen in the past, etc.Format your summary consistent with APA guidelines. Remember all papers need that intro paragraph, closing paragraph, etc.Once an organization selects a project, the customer or project manager is frequently responsible for developing a request for proposal (RFP) for the project or sections of the project. The responsible project manager will require input data from all stakeholders connected to the activities covered in the RFP. The RFP will be announced to external contractors/vendors with adequate experience to implement the project. For example, government projects frequently advertise with a “request for proposal” to outside contractors for roads, buildings, airports, military hardware, space vehicles. Similarly, businesses use RFPs to solicit bids for building a clean room, developing a new manufacturing process, delivering software for insurance billing, conducting a market survey. In all these examples, requirements and features must be in enough detail that contractors have a clear description of the final deliverable that will meet the customer’s needs. In most cases the RFP also specifies an expected format for the contractor’s bid proposal so the responses of different contractors can be fairly evaluated. Although we typically think of RFPs for external contractors, in some organizations RFPs are used internally; that is, the organization sends out an RFP to different divisions or departments. The content of the RFP is extremely important. In practice, the most common error is to offer an RFP that lacks sufficient detail. This lack of detail typically results in conflict issues, misunderstandings, often legal claims between the contractor and owner, and, in addition, an unsatisfied customer. All RFPs are different, but the outline in Figure A2.1 is a good starting point for the development of a detailed RFP. Each step is briefly described next.1. Summary of needs and request for action2. Statement of work (SOW) detailing the scope and major deliverables3. Deliverable specifications/requirements, features, and tasks4. Responsibilities—vendor and customer5. Project schedule6. Costs and payment schedule7. Type of contract8. Experience and staffing9. Evaluation criteria