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RFP in Project Management Meaning

The RFP meaning in Project Management terms is "Request for Proposal". There are 2 related meanings of the RFP Project Management abbreviation.

RFP on Project Management Full Forms

  1. Request for Proposal A request for proposal (RFP) is a document that an organization posts to elicit bids from potential vendors for a product or service. For example, a new business or a business moving from a paper-based system to a computer-based system might request proposals for all the hardware, software, and user training required to establish and integrate the new system into the organization. Another business might draft an RFP for a custom-written computer application they wanted to outsource.
  2. Request for Quotation

Frequently Asked Questions (FAQ)

  1. What does RFP stand for Project Management?

    RFP stands for Request for Quotation in Project Management terms.

  2. What is the shortened form of Request for Quotation in Project Management?

    The short form of "Request for Quotation" is RFP for Project Management.

Citation

RFP in Project Management. Acronym24.com. (2021, December 15). Retrieved April 27, 2024 from https://acronym24.com/rfp-meaning-in-project-management/

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