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CCBA · Question #54

CCBA Question #54: Real Exam Question with Answer & Explanation

The correct answer is A. Request for quote. A request for quote (RFQ) is a document that invites vendors to provide a price quote for their products or services based on a detailed statement of work (SOW). The SOW describes the scope, specifications, deliverables, and acceptance criteria of the solution that the organizati

Question

You are the business analyst for your organization. You've believed that your solution can actually be purchased from outside vendor rather than trying to create the solution internally. You decide to ask the vendor to provide a fee for their services based on the statement of work. What document will you give the vendor along with the statement of work?

Options

  • ARequest for quote
  • BContract terms
  • CRequest for proposal
  • DPurchase order

Explanation

A request for quote (RFQ) is a document that invites vendors to provide a price quote for their products or services based on a detailed statement of work (SOW). The SOW describes the scope, specifications, deliverables, and acceptance criteria of the solution that the organization needs. The RFQ allows the organization to compare different vendors based on their prices and capabilities, and to select the best one for the project.

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