Product analysis is performed for detailed understanding; this
may include product breakdown, Systems analysis, system engineering, value
engineering, value analysis, and functional analysis.
Identifying alternatives is a technique used to generate
different approaches to perform the work.
It includes techniques like brainstorming, lateral thinking,
Proof of Concept (POC), prototype, approach paper, etc.
Application experts provide inputs for creating a detailed
project scope statement.
Stakeholder analysis is a technique to identify the
stakeholders’ influence and their needs and expectations. The analysis helps in
selecting, prioritizing, and quantifying the needs, wants, and expectations to
ascertain the requirements. Subjective and unquantifiable expectations pose
high risk to project outcome.