Requirement Priorization:

Requirements prioritization is the practice of identifying and managing the

importance of various requirements to acknowledge the limited resources
available.

Criteria for Priorization:

Benefit – This is the benefit that the company will gain if a specific need is met
first and foremost. The benefit of implementing a certain demand in terms of
capability, quality, price, time, and supplies being used in the most efficient
manner or achieving corporate objectives.

Dependencies – A dependence is a relationship between two needs in which one

cannot be completed or implemented properly without the other.

Time Sensitivity – When it comes to prioritising requirements, the most

important consideration is usually the time limit. Some requirements are urgent
enough that they must be implemented before others. This is especially true for
projects and goods that must deal with seasonal demands. In such situations,
meeting particular requirements by a certain date or time is critical.

Requirement Prioritization Techniques

Ranking

When you use an ordinal scale to order criteria, you assign each one a different
numerical value based on its relevance. The number 1 can be allocated to the
most significant requirement, while the number n can be assigned to the least
important requirement, with n being the total number of requirements.

Numerical Assignments (Grouping)

This strategy is built on categorizing needs into multiple priority groups, each of
which represents something relevant to stakeholders. For example, requirements
can be divided into three categories: critical, moderate, and optional. In order to
indicate the importance of requirements, stakeholders can classify them as
compulsory, extremely important, moderately important, not important, or does
not matter

The MoScoW Method

This system employs four priority categories instead of numbers: MUST have,
SHOULD have, COULD have, and WON’T have. Stakeholders can evaluate
requirements in a collaborative manner using this technique. The abbreviation
stands for the following:
MUST(Mandatory)
SHOULD (Of high priority)
COULD (Preferred but not necessary)
WOULD (Can be postponed and suggested for future execution)
Stakeholder decisions on requirement priority are categorized as shown above.
Kano Analysis

In this methodology, a question-based approach is used.

All the participants are asked questions to answer questions based on

importance:

 Rate your satisfaction if you have this feature

 Rate your dissatisfaction if you don’t have this feature

You can ask these questions for every requirement and then categorize the
importance