Project Planning: Defining Risk Decisioning Requirements Accurately defining your business requirements is the first step (and a critical one!) to ensuring a successful RFP process. First, look to solidify and validate the fundamental idea for the project - have you looked at the market conditions, key trends, competitive players/products? Once you’ve done your research and developed your business case (including, but not limited to: problem statement, financial analysis, opportunities, metrics for success/KPIs, etc.) then you need to define both the functional and non-functional requirements for your desired solution.
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