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Evaluating a Product and a Vendor – Documenting your Requirements

I jumped right into the topic of product demos last time because it was fresh on my mind after seeing another bad demo by a vendor. I skipped over the pre-work of documenting your requirements prior to looking for a new product.

Understand where you are headed

Prior to looking for a new product, in our case a Learning Management System (LMS), our Education team took the extra time and effort to document a 12 - 24 month roadmap of where they were headed as a team, the types of things they wanted to offer (instructor-led online classes, on-demand prerecorded classes, integrated learning opportunities within our core product, etc.) and how they would measure success. Although time consuming, it was an important exercise to complete prior to jumping into vendor evaluations. 

Identify your core requirements

The next step is to take the roadmap of where you're headed and create a list of functional requirements. Keep the list focused on your core requirements. Listing every possible feature and function of the "ultimate" product is unrealistic and will confuse the evaluation process. Focus on the things unique about your needs in your situation.

If you have the time, break the list down using the MoSCoW method. Although originally used to prioritize requirements for new software development I have used it in other situations.  MoSCoW stands for:

M - Must have
S - Should have
C - Could have (or Nice to have)
W - Won't have (I prefer calling it Want to have)

The Must Haves are self-explanatory. Perhaps you feel the product must be a hosted, Software as a Service, solution. Then list it in your Must Have column. Avoid the temptation to place all of your requirements into the Must Have column. The perfect product simply does not exist, but a product that meets your core needs, plus some, probably does.

Should Haves are just beyond your core requirements and may contain features that the vendor can fulfill through other means. For example, when we first launched Fellowship One we didn't offer report writing functionality but we provided a service to create reports for the customer on their behalf for free. (Ultimately, this has actually helped because many times the church doesn't have the skilled resources to design the complex reports they desired even if they had report writing capabilities)

Separating the Could Haves (Nice to haves) and Want to Haves is difficult. More often than not, I do tend to lump them together. The items on this list should help to evaluate where the vendor and product is headed. Is the vendor actively improving their product?  Are they leveraging new technologies where appropriate?

Share the list

Now that you know your core requirements you can probably narrow down your list of possible vendors significantly by checking their website and evaluating what others say about them through blogs and product reviews. Once you have a short list (3 to 5) of vendors, then share your list of requirements with them well ahead of seeing a demo. Then see how they react.

Are they open and honest about any shortcomings they may have when compared to your list? Did they address your requirements upfront in their discussions and in their product demo?  Do they take the time to understand your requirement more fully?  Or do they simply stick to their standard demo, unable to waiver from their pre-defined script?  How the vendor reacts to your requirements during the Sales stage will tell you a lot about how attentive they'll be to your needs once you sign the contract.

Published Saturday, October 07, 2006 10:47 AM by csimmons

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