The critical requirement is a necessary condition, resource, and way for a critical capability to be completely operational.
You can articulate actual critical issues and requirements in a structured manner and focus attention on these instead of focusing on minor requirements by using a critical requirement analysis. Minor requirements should be pointed out where they are found, and if those can be solved at no extra or little cost, included in the deliverable project. It is important to use only critical requirements in evaluating options or assessing feasibility.
Generally, this analysis includes six steps. These are as follows:
- Determining Business Objectives: For making an evaluation of any proposed project’s benefits and business implications, it is essential to answer the following questions:
- What is the project’s business objective?
- What are the main components that play a critical role in attaining this objective?
- Determining Areas of Critical Performance: Critical performance areas are those areas having the greatest effect on whether or not business objectives are achieved or where there is the greatest possibility for risk.
- Decomposing Areas of Critical Performance: Decomposition is achieved by reviewing every critical performance area and ascertaining whether the performance can be influenced by lower-level functions.
- Defining Performance Requirements: Performance criteria can be indicated as financial measures (profit, quality metrics, cost, etc.), elapsed or frequency time, customer satisfaction measures, ratios, etc.
- Determining Levels of Performance: It is essential to determine the necessary performance level for each performance criteria in the hierarchy of critical performance area.
- Defining Reporting Requirements: The last requirement to be defined is for the data that is required for monitoring and controlling the result of the project.