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Establishing the Product Vision and Project Scope

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Chapter 5 <strong>Establishing</strong> <strong>the</strong> <strong>Product</strong> <strong>Vision</strong> <strong>and</strong> <strong>Project</strong> <strong>Scope</strong> 83<br />

Customer Need A more secure product.<br />

Feature A new, robust security engine.<br />

1. Business Requirements<br />

<strong>Project</strong>s are launched in <strong>the</strong> belief that <strong>the</strong> new product will make t he world<br />

a better place in some way for someonc. The husiness requircments descrihe<br />

<strong>the</strong> primary benefits that <strong>the</strong> new system will provide to its sponsors, huyen.;,<br />

<strong>and</strong> users. The emphasis will be different for differt'nt kinds of products, such<br />

as information systems, commercial software packages, <strong>and</strong> real-time control<br />

systems.<br />

1.1 Background<br />

Summarize <strong>the</strong> rationale <strong>and</strong> context for <strong>the</strong> new product. Provide a general<br />

description of <strong>the</strong> history or situation that led to <strong>the</strong> decision to build this<br />

product.<br />

1.2 Business Opportunity<br />

For a commercial product, describe <strong>the</strong> market opportunity that exists <strong>and</strong> <strong>the</strong><br />

market in which <strong>the</strong> product will be competing. For a corporale information<br />

system, describe <strong>the</strong> business problern that is being solved or <strong>the</strong> business<br />

process being improved, as well as <strong>the</strong> environment in which <strong>the</strong> system will<br />

be used. Irrelude a comparative evaluation of existing products <strong>and</strong> potential<br />

solutions, indicating why <strong>the</strong> proposed product is attractive <strong>and</strong> <strong>the</strong> advantages<br />

it provides. Describe <strong>the</strong> problems that cannot currently be solved without<br />

<strong>the</strong> product. Show how it aligns with market trends, technology<br />

evolution, or corporate Strategie directions. Irrelude a brief description of any<br />

o<strong>the</strong>r technologies, processes, or resources required to provide a complete<br />

customer solution.<br />

1.3 Business Objectives <strong>and</strong> Success Criteria<br />

Summarize <strong>the</strong> important business benefits <strong>the</strong> product will provide in a<br />

quantitative <strong>and</strong> measurable way. Tahle 5-1 presents some examples of both<br />

financial <strong>and</strong> non-financial business objectives (Wiegers 2002c). If such information<br />

appears elsewhere, such as in a business case document, refer to <strong>the</strong><br />

o<strong>the</strong>r document ra<strong>the</strong>r than duplicate it here. Derermine how <strong>the</strong> Stakeholders<br />

will define <strong>and</strong> measure success on this project (Wiegers 2002c). State <strong>the</strong> factors<br />

that have <strong>the</strong> greatest impact on achieving that success, including factors<br />

both within <strong>and</strong> outside <strong>the</strong> organization's control. Specify measurable criteria<br />

to assess whe<strong>the</strong>r <strong>the</strong> business objectives have been met.

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