Software Engineering

8.1.4 
Prioritize stakeholder needs
The project team must condense, prioritize, and summarize the list of stakeholder 
needs into a manageable collection that will be used to guide the specification of 
software requirements. Stakeholder needs and expectations must be translated 
into software requirements for the product (computing environment and software 
application) and post-development processes. An individual stakeholder need may 
involve several requirements that the project will be held accountable for achiev-
ing. The level of effort and resources necessary to fulfill a stakeholder need must 
be determined, and the project and technical risks must be included in the cost esti-
mates. The project budget can then be allocated against the prioritized needs. This 
establishes the initial scope of the software development effort and provides the 
basis for project and technical planning.