Importance of requirements management solutions

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Requirements Management can be defined as a procedure that traces, captures and manages the stakeholder requirements and changes that take place all through the product life cycle. It is an integral area under Requirements Engineering. The objective of Requirements Management is to effectively manage the scope of the project, specification changes, minimize the project risk

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Importance of requirements management solutions

  1. 1. Importance of Requirements Management SolutionsRequirements Management can be defined as a procedure that traces, captures and manages thestakeholder requirements and changes that take place all through the product life cycle. It is an integralarea under Requirements Engineering. The objective of Requirements Management is to effectivelymanage the scope of the project, specification changes, minimize the project risk and also make surethat the project meets the real business targets. It has been estimated that 40 percent of therequirements generate rework during the project lifecycle.A conventional process that is used to facilitate the discovery of requirements management is to definethem through a system’s anticipated outputs, inputs, attributes and functions. Irrespective of thechosen methods, several medium to large scale software products have many requirements. Managingthem efficiently, at times can be a major challenge. Since the objective of requirements specification isnot only to attain agreement but to form the basis of the software product design, understandingbetween the user and the development organization is vital.Today requirements management still is a major challenge in all dimensions of software developmentlife cycle projects. For certain smaller projects, the requirements might be brief and informal, making itmore complex to manage the same appropriately. In case of huge projects, especially the ones withaggressive development schedules, the requirements generally to change in an ongoing manner andmanaging them appropriately seems to be a concern. If the requirements cannot be managedeffectively, the concerns prioritizing, organizing, managing, controlling and offering resources canbecome major concerns during development.Today companies specializing in application lifecycle management solutions have introduced advancedrequirements management tools that are 100 percent web-based applications. It has been set up forproject optimization that is distributed between a campus building and sites that is round the globe. Allits features, including configuration and administrative processes, are supported through the web.The benefits that results from this are:  Effective telecommuting  Efficient management and proper control of overseas projects  Better collaboration with varied internal functional teams  Improved collaboration with solution providersInnovative requirements management tools today come with a compact traceability relation features. Ithelps in all types of associations, including the custom ones, between requirements thereby allowingyou to set up logical links, such as “depending”, “bi-directional” and “affecting” between therequirements and then be able to view then in a set of multiple visualizing tools. Furthermore, it alsoincludes the folder hierarchy report on the Requirements traceability, Requirements traceability matrixand the Requirements Traceability Relation Network Diagram. The tool facilitates in both reactive andproactive analysis.Related Links - Agile Methodology

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