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How to Use the Requirements Creation Process to Improve Project Estimates

by Curt Finch, CEO, Journyx

Estimation can be one of the most difficult parts of a project. Important questions must be asked in order to form the right figures and plans. How long will the project take? How many resources will it consume? Consultants may also ask the following question: What is the appropriate amount to bid on this project? These questions are not easy to answer at the outset when one generally has only a vague idea of what will be required throughout the project.

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Whitepaper from HP - Why Focus on Requirements Definition Management in the Application Lifecycle?

Increasingly, smart businesses are looking much closer at requirements definition (RD) and requirements management (RM) (sometimes grouped together under the Gartner-coined phrase, requirements definition management (RDM)) to streamline the entire application lifecycle. Why? Because systematic and effective RDM captures software defects earlier in the lifecycle, and it reduces the overall likelihood that defects will be introduced. That’s important. How important? According to one study, the cost to fix a defect after delivery is more than 100 times the cost to fix it in the requirement and design phase. No business wants to be hit with that bill. Now to add to this the growing interest in agile development techniques as a way to deliver higher quality applications and we have an interesting recipe for success.

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