Primary Cause of Project Failures

Prototype (Blueprint)
What is a prototype?
A prototype is an early sample or mock-up of the product we wish to build. It’s a quick model explaining the actual plans for the final product
Why Prototype is important?
The best way to reach the final level with minimum rework lies with prototyping. So don’t believe in any guesses or gut feelings. “If a picture is worth 1000 words, a prototype is worth 1000 meetings.”
What is the best way?
There are various approaches to prototyping but based on our experience working in softwares we have come up with a mixed approach. Sample link

PRD (Project Requirement Document)
Why is PRD important?
They establish a foundation for product vision, scope, cost, and schedule and they ultimately must target finished product quality and performance.
Who is responsible for devising the requirements?
They establish a foundation for product vision, scope, cost, and schedule and they ultimately must target finished product quality and performance.
How should requirements be structured?
Implementing a Work Breakdown Structure (WBS) is the most efficient and practical way to devise requirements. Sample link

SRS (Software Requirements Specification)
What is a SRS?
Software Requirement Specification (SRS) is a descriptive note about the software that is under development. It is documented by the developer of the software for the clients and users and describes the purpose of the software. It gives a detailed overview of the software product, its parameters and goals.
Why It is important?
- The users and the client get a brief idea about the software while in the initial stages.
- The purposes and the intentions as well as the expected results are properly defined.
- The desired goals are defined thereby easing off the efforts of the developers in terms of time and cost.
- It becomes easier while transferring and using the solution elsewhere or with new provider as the basis of functioning of the software is mentioned.
- It acts as a material for reference at a later stage.

Tech Stack
What is a technical Architecture?
Technical architecture define the full technologies used to develop the product which ensures it will be scalable, stable as well as cost effective. Technical architecture meets business needs and expectations while providing a strong technical plan for the growth of the software application through its lifetime.
Why It is important?
Technical architecture is important to both the business team and the information technology team. It ensures that the technology being used it the perfect match to the product case considering its roadmap.

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