20240020592. System and Method for Outsourcing Projects simplified abstract (DevFactory Innovations FZ-LLC)
Contents
System and Method for Outsourcing Projects
Organization Name
Inventor(s)
Joseph A. Liemandt of Austin TX (US)
System and Method for Outsourcing Projects - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240020592 titled 'System and Method for Outsourcing Projects
Simplified Explanation
The patent application describes a method, system, apparatus, and computer program product for efficiently outsourcing projects, specifically software development projects. The method involves a business entity defining requests for proposals (RFPs) using predefined service identifiers that specify short-term projects with fixed inputs, outputs, and evaluation metrics. The RFPs are posted on a website to solicit bids from third-party vendors. When a bid is accepted, a contract for the project is easily prepared using the identifying information of the winning bid.
- The method allows business entities to efficiently outsource projects by precisely defining RFPs with predefined service identifiers.
- The RFPs specify short-term projects with fixed inputs, outputs, and evaluation metrics, enabling vendors to bid on projects with minimal evaluation and speculation.
- Posting RFPs on a website allows business entities to solicit bids from third-party vendors.
- Contracts for the projects can be easily prepared using the identifying information of the winning bid.
- Short timeline projects allow for concise project descriptions, quick results, shortened evaluation duration, and payment within a normal monthly cycle.
Potential Applications:
- Efficient outsourcing of software development projects.
- Streamlining the bidding and contract preparation process for short-term projects.
Problems Solved:
- Difficulty in precisely defining project requirements and evaluation metrics.
- Time-consuming evaluation and speculation for vendors when bidding on projects.
- Complex and lengthy contract preparation process.
Benefits:
- Increased efficiency in outsourcing projects.
- Faster turnaround time for project results.
- Simplified bidding and contract preparation process.
- Improved evaluation accuracy through objective evaluation metrics.
Original Abstract Submitted
a method, system, apparatus, and computer program product for efficiently outsourcing projects, such as software development projects, are presented. a business entity may precisely and succinctly define one or more requests for proposals (rfps) using predefined service identifiers which specify discrete, short-term projects (e.g., 4 weeks or less) with fixed inputs and outputs and objective evaluation metrics which allow for each project to be evaluated using, for example, automated evaluation software tools. by posting rfps on a web site, the business entity solicits bids from third party vendors to perform the project identified in the rfp. since individual projects are identified with objective inputs, outputs, and evaluation metrics, vendors can bid on the project with minimal evaluation and speculation regarding the appropriate bidding price for the project. when a bid is accepted or awarded to a vendor, a contract for the project can be easily prepared using the identifying information for the winning bid, such as the timeline, price, and the specific service identified with the project. such short timeline projects allow the projects to be concisely described, results returned quickly, shortened evaluation duration, and payment within a normal monthly cycle.
