A multinational corporation prefers purchasing commercial software over building it in-house. Currently they have a need for custom software for a novel problem with about 58 features. The Product Owner has decided to float a request for proposal (RFP). The vendor selection will be based on the best proposal that meets 58 features, within 8 months and the cost of no more than $1.5m.
You are a Scrum Master in the corporation. The Product Owner is looking for your guidance. As a Scrum Master, how will you guide the Product Owner?