Requirements prioritization techniques provide frameworks for stakeholder decisions to understand the relative importance of requirements. Requirements’ importance may be based on value, risk, the difficulty of implementation, etc.
Requirements Prioritization Technique # 1 Grouping
The grouping technique classifies requirements according to predefined categories such as high, medium, or low priority or such as Must Have-Should Have-Could Have-Won’t Have (MoSCoW). Most requirements management tools support listing the priority category as an attribute of a requirement. This is a very simple technique and is widely used.
Requirements Prioritization Technique # 2 Ranking
The ranking technique consists of ordering requirements from most to least important. Agile approaches typically involve the explicit sequencing of requirements in an ordered list (a product backlog).
Requirements Prioritization Technique # 3 Time Boxing/Budgeting
Time boxing or budgeting technique prioritizes requirements based on the allocation of a fixed resource. The time boxing technique prioritizes requirements based on the amount of work that the project team is capable of delivering in a given period of time. The budgeting technique is used when the project team has been allocated a fixed amount of money. This approach is most often used by a business analyst when a fixed deadline must be met or for solutions that are enhanced on a regular basis.
Requirements Prioritization Technique # 4 Requirements Prioritization Matrix
The requirements Prioritization Matrix technique uses multiple parameters to evaluate priority. The basis can be a combination of compliance needs, value, cost, risk, requirements volatility, etc. You can request for Requirements Prioritization Matrix Tool by writing to Info@AdaptiveUS.com.
Requirements Prioritization Technique # 5 Negotiation
The negotiation technique involves discussion among stakeholders as to which requirements will be prioritized for implementation. Be aware of the presence of group dynamics as negotiation technique is mostly influenced by organizational hierarchy and group dynamics.
The usefulness of Requirements Prioritization Techniques
- Helps in consensus building and trade-offs.
- Ensures maximum solution value.
- Assists in meeting initiative timelines.
Limitations of Requirements Prioritization Techniques
- Stakeholders often avoid difficult choices and do not make trade-offs.
- The solution team may try to influence prioritization by overestimating the complexity of certain requirements.
- The lack of defined metrics may make it subjective.
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