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Exam 712-50 topic 1 question 251 discussion

Actual exam question from ECCouncil's 712-50
Question #: 251
Topic #: 1
[All 712-50 Questions]

What is the BEST reason for having a formal request for proposal process?

  • A. Creates a timeline for purchasing and budgeting
  • B. Informs suppliers a company is going to make a purchase
  • C. Clearly identifies risks and benefits before funding is spent
  • D. Allows small companies to compete with larger companies
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Suggested Answer: C 🗳️
by DinaBS at July 18, 2022, 11:24 a.m.

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johndoe69
5 months, 3 weeks ago
Selected Answer: C
Project Management Institute (PMI): The PMI emphasizes that a formal RFP process is crucial for clearly identifying the risks, benefits, and requirements of a project before any funding is committed. This ensures that all potential issues and advantages are considered, leading to more informed decision-making and better resource allocation (PMI, 2017).
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Emporeo
8 months, 2 weeks ago
Also see B as correct answer. RFP is a supplier bidding process usally
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DinaBS
2 years, 4 months ago
B should be the correct answer " Informs suppliers a company is going to make a purchase" . informing supplier is the main goal of RFP . while business case where you identify risks
upvoted 3 times
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