Requirements Life Cycle Management

It can be referred to the process of documenting, analyzing, prioritizing and agreeing on requirements and then controlling change and communicating to relevant stakeholders.

Trace Requirements

It defines that the requirement is fulfilled both functionally and technically.

Keep requirements aligned

Setting up the goals of an organization and collecting various resources to achieve these goals.

Maintain Requirements

It refers to the activities required to conserve the original state of objective while implementing new ideas.

Maintain accuracy and consistency

It means that to achieve goals there must be accuracy and consistency of data. There should be proper and accurate data before starting a new plan or set new goal.

Prioritize Requirements

It can be defined as the ranking of requirements on basis of their importance. Functionality and accuracy.

Rank for importance

After the requirements are prioritized, the requirements are ranked according to their importance.

Asses requirements changes

The purpose of Assess Requirements Changes is to evaluate the implications of proposed changes to requirements and designs.

Evaluate the effect of proposed change

Evaluating change may be time consuming depending upon the changes involved and the number of areas affected by the change. Business owners and managers may also review external factors to see how competitors respond to the company’s change.

Approve requirements

It is meant to be that all stakeholders agree on the requirements to be implemented.

Obtain agreement and approval of requirement

Upon approval, requirements may be baselined, providing the team with a point from which any changes can be properly managed. Approval of requirements may be sought at the end of a project phase or at several intermediate points in the business analysis process