Decide which project opportunities to bid on, using a risk-based process
Proteus uses a stepped workflow to assess project opportunities, determine their difficulty factor, the risks involved, and whether they meet your bid criteria.
This can be needed to determine profitability, or to understand perceived risks and put mitigation in place to counter these risks. Often this is done in spreadsheets or in meetings with no digital record in place. Procedures can be complicated and are often bypassed, resulting in a failure to meet criteria and time wasted.
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Proteus uses a stepped workflow to assess project opportunities, determine their difficulty factor, the risks involved, and whether they meet your bid criteria.
Follow the risk- based tracker, with every go/ no go decision recorded accurately. This includes target bid spend, target bid hours and the overall spend factor of bid, alongside the go/no go outcome.
Our configurable five step process starts with Bid / No Bid, before moving to analysis, difficulty factor, winning strategy requirements and risks. The questions within each step provide an accurate weighting and score, with the ability to add further detailed notes to each as you go through the assessment process.
Key decision-making factors are analysed, including the number of competitors, expected margin, reimbursable or fixed price, etc. Each answer generates a score that ultimately determines if the user needs to do further research to proceed.
Most companies allocate a percentage of expected revenue to proposal time. Proteus takes this a step further and determines how difficult the proposal will be to write and allocates time and budget accordingly.
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