Prioritizing requirements is a process that helps business analysts and stakeholders to rank the requirements according to their importance, value, urgency, and dependency. Prioritizing requirements helps to ensure that the most critical requirements are addressed first, and that the available resources are allocated effectively. Prioritizing requirements also helps to manage the scope, schedule, and budget of the project, and to deal with changes and uncertainties. Prioritizing requirements is not only about determining the cost or the schedule of each requirement, but also about understanding the impact and the benefit of each requirement on the business need and the solution. Prioritizing requirements is not only about identifying the risks associated with each requirement, but also about mitigating or avoiding those risks by choosing the best solution option. References:
[A Guide to the Business Analysis Body of Knowledge (BABOK Guide)], version 3, page 402, section 10.31.3.11
Why Prioritise Requirements – How to do it and Why it is Critical to Project Success – BusinessAnalystMentor.com, paragraph 1
Why You Should Prioritize Requirements - ArgonDigital, paragraph 1
What Is Requirements Prioritization? Definition & Examples - airfocus, paragraph 1
Business analysts : How to prioritize requirements - Adaptive US, paragraph 1
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