Requirement Cycle Notes: Definitions & Explanations PDF | Download eBooks
Study Requirement Cycle lecture notes PDF with project management definitions and explanation to study “What is Requirement Cycle?”. Study requirement cycle explanation with project management terms to review project management course for online MBA programs.
Requirement Cycle Definition:
First step in the procurement process is the definition of project, specifically the requirement which is referred to as the requirement cycle.
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Requirement Cycle Notes:
When a project is to be carried out, it is important to identify the requirements. The requirements of a project are needed to be defined to carry out the procurement process. Procurement process involves five cycles. Requirements cycle is the first step of the procurement process. Requirements cycle is used to define the requirements of the project from its detailed definition. Requirement cycle includes project needs definition, project statement of work, work breakdown structure, and specifications, make or buy analysis, developing schedule, cost estimation, getting approval. Requirement cycle also considers defining the specifications including design specifications, performance specifications and functional specifications.
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