What process involves determining the relative importance of a set of requirements?

Prioritization is the process that involves determining the relative importance of a set of requirements. This step is essential in requirements management as it helps stakeholders focus on what is most critical to the success of a project or initiative. By prioritizing requirements, a business analyst can align the work with the overall goals of the organization, ensuring that the most valuable features or functionalities are addressed first. This is particularly important when resources are limited, as it allows teams to allocate time and effort effectively.

In practice, prioritization typically involves evaluating requirements based on various criteria, such as business value, risk, dependencies, and stakeholder needs. This process helps in making informed decisions about which requirements to implement, defer, or discard, thus facilitating a more efficient and effective development process. Prioritization also supports ongoing adjustments to the project scope as new information emerges or as market conditions change, maintaining alignment with strategic objectives.