Corporate Requirements Management Solutions
Requirements management describes a business tactic whereby business analysts are called upon to solicit justifiable, verifiable, and traceable requirements from stakeholders and then to communicate those requirements to project managers and IT personnel. Not only can requirements management lead to project completion and success if properly defined and implemented, but also, it has the power to help organizations prioritize their projects and allocate resources effectively.
TwentyEighty Strategy Execution’s corporate requirements management solutions represent a customized, efficient requirements management training plan designed to recognize skill gaps and roadblocks to effective project prioritization, resource allocation, increased stakeholder visibility, and to minimize late detection of inaccuracies and last-minute project re-work.
What business challenge(s) are we solving for?
Data indicates that a disproportionate percentage of the cost of product development goes toward re-work, meaning that development teams are wasting the majority of their budgets on repeating efforts. But re-work costs organizations more than just immediate overhead on labor and resources; it results in schedule delays that can significantly detract from return on investment (ROI), shake customer confidence, and damage their brand—a cost much more difficult to recover than dollars and cents. The need for re-work is infrequently the result of individuals not doing their jobs well, and much more often a consequence of improper planning, poor communication, or inadequate testing. One reason re-work becomes necessary is that development, design, and engineering teams too often lack visibility into project requirements, which often change throughout the development process. Poor requirements management can have a significant effect throughout the process and on the business itself. In fact, requirements defects can in some cases account for greater than 70 percent of re-work costs. Additionally, errors found late in the development process can cost organizations up to 200 times more than if they were detected during the requirements analysis phase. One of the most effective ways to cut costs, boost productivity and bring products to the marketplace faster is to reduce re-work by improving requirements management.
What is the benefit of addressing this challenge?
- Better alignment to corporate goals and objectives:
- Better alignment of expectations between stakeholders and project teams.
- Better decision making at all levels of the organization.
- Increased project efficiencies:
- Improved productivity and efficiency in requirements analysis and project execution.
- Less re-work, through traceability, when problems are appropriately identified and solved for the first time.
- Improved project quality:
- Improved requirements management to ensure planned benefits.
- Seamless transition of deliverables to other phases of the project.
- Mitigation of cost and schedule overruns through early problem identification.
What is the cost of not addressing this challenge?
- Impact to Project Results:
- Unmanageable project scope creep (money, time and resources)
- Project budget overruns (money and time)
- Poor resource management (low utilization and overheads)
- Incorrect or incomplete project specifications (unclear requirements for functionality)
- Solution testing failures (poor specification amplifies the negative effect of poor requirements)
- Costly requirements re-work (time-consuming and costly)
- Poor solution integration (poor interface design or misalignment to business need)
- Impact to Business Results:
- Failure to achieve strategic goals (lost opportunities)
- Loss of competitive positioning (lost advantage)
- Market or regulatory compliance (breaches and financial and/or brand consequences)
- Loss of stakeholder/customer engagement (loss of trust)
- Business process inefficiency (poor solution design)
- Negative end-user experience (cumbersome UI design)
- Hits to the bottom line (waste of money)
What are the focus areas of the Corporate Requirements Management Learning Solution?
Evaluate/measure the current level of BA knowledge and practice to determine a baseline measurement.
- Helping clients to understand and benchmark their current levels of BA performance (and to set realistic and achievable improvement targets).
- Identifying the barriers that might impede or slow down improvements in performance and/or impact negatively on any learning program.
Design a tailored "off-the-shelf" BA training program.
- Leverage ESI's 13 already-developed training courses that will cover the BA and requirements management skills necessary. TwentyEighty Strategy Execution tailors the training to support the closure of knowledge and practice gaps as identified in step 1.
Train on BABOK® aligned core BA skills to competency levels.
- Identify and gradually eliminate skill gaps through targeted training.
- Developing learning solutions that provide tangible evidence of success in the classroom and the workplace.
|Adopt and reinforce skills; measure return on investment:
- Broach classroom training to practical application and on-going skills adoption.
- Provide practical guidance and coaching.
- Reinforce the application and use of best practices back on the job.
- Review and solve problems on current projects.
- Provide clear and substantial validation for initiatives.