In the maritime industry, the term requirements is not normally used on an everyday basis, nor in every department that go about managing the day-to-day business. Usually, the engineering design team in charge of building the new tug or barge for the company employs the term in order to design a vessel that meets the company’s operational needs.
“The tug needs to be xxx feet long so that it can fit through the shortest set of locks with a set of barges…” or “the tug needs to be a minimum of 6,000 horsepower…” These are requirements that are typically gathered, along with many other detailed specifications, to design and build a vessel that meets the company’s needs.
The same concept applies in virtually any application, where a problem needs to be solved, or an objective needs to be met. Requirements are, simply put…something wanted or needed. In terms of defining requirements for the business world, a requirement is:
- A condition or capability needed by a stakeholder to solve a problem or achieve an objective.
- A condition or capability that must be met or possessed by a solution or solution component to satisfy a contract, standard, specification, or other imposed documents.
- A documented representation of a condition or capability as in (1) or (2).
IIBA BABOK v. 2.0
Every business, including those in the workboat industry, have business objectives that are either internally or externally driven. Increasing profitability by cost control is a typical internal objective. USCG Subchapter M certification for all vessels is an example of an externally required business objective. In either case, the company has wants or needs, and must initiate efforts to achieve these objectives.
Understanding requirements is critical to ensuring that the business objectives are not only met, but that a sustainable business process is established that can best streamline the operation to improve quality.
So why are requirements so important? For the following reasons:
- Delivering value to the business
- Lowering project costs
- Delivering projects on time
- Reducing the risk of project failure
- Improve communications
- Satisfies actual customer needs
Should you be looking to take on a project and don’t know where to start, contact us at email@example.com or call 425.686.8209.