Requirement Life Cycle Management

What is Requirement Lifecycle Management ?

What is Requirement Lifecycle?

Requirement Lifecycle is a methodology used to ensure that the development of a business requirement or a business process is not left to chance or subject to unexpected delays, resulting in cost overruns and revenue loss. It ensures timely completion of requirements gathering, delivery of requirements for sales and marketing, fulfillment of sales targeted numbers, and associated revenue increases. In short, it is a methodology that ensures the successful implementation of the necessary components needed for sustained operational efficiency for any organization.

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Stages of Requirement Lifecycle

Stage 1: Requirement Definition

Requirement Definition is the first step of the requirement life cycle. Requirements are difficult because they have to be just right. The scope of what you are creating or enhancing is indefinite since an exact model or solution is not yet known.

Stage 2: Requirement Validation 

Requirement validation is the process of validating user requirements to assess whether they are acceptable, feasible, and verifiable. This is part of the requirements management process where the Business Analyst works with various experts to verify and confirm that their requirements make sense and can be developed within anticipated constraints.

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Stage 3: Requirement Documentation 

Requirement documentation is very important for any project and it demands diligent and diligent efforts. Requirement Document is the document that contains details of services to be provided or the system to be implemented. It’s a broad term that includes all the information about the requirement of the customer. Any software company should know how to write this kind of document well by keeping in view the different topics such as software requirements, software requirement specification (SRS), and other related topics. 

Stage 4: Requirement Management 

Requirement Management is the process of managing and maintaining all the requirements of a software project, product, or service. Requirement management goes hand in hand with Software Requirements Management (SRM) and Business Requirements Management (BRM), they share most of the process and tools.

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