Abstract-For every organization it holds true that resources are limited. It is therefore critical for success to direct the available resources in the right directions. For this purpose it might be valuable identifying the key business processes and creating strategic plans for their future objectives. Such strategic plans would be more closely aligned with daily operational management and also enable operational improvement opportunities to surface to a strategic level. This paper focuses on the field of Requirement Management (RM). RM is considered a key business process for directing attention to creating customers value and to ensure a successful project startup. The objective of the paper is to establish an understanding of the purpose of having a RM strategy and what the content of a requirement strategy should be. A case study presenting a strategy to RM generated at Danfoss Power Electronics is presented. The results found were that defining a RM strategy proved to provide several benefits e.g. aligning and directing resources across business segments, enabling identification and assignment of roles related to requirement operations across functional areas and establishing a long term plan for how to achieve the identified future objectives.Index Terms-Requirement management, operation-based strategy, strategic management.
I. INTRODUCTIONCapabilities are a company's proficiency in combining people, process and technology which allow it to continually distinguish itself along the dimensions that are important to its customers [1]. Those that can consistently create new, more effective ways of delivering value to customers will stay ahead of the pack [2]. Selecting the right R&D strategy and better execution of the product life cycle management processes to speed up development is critical for being competitive [3]. Resources are limited and organizations must therefore ensure that they are directed towards the right objectives. They must align and agree on a high level what is the right direction as otherwise resources will be wasted in doing the wrong things. To address this problem companies make strategies to curve the directions of where the company is going. The key to a successful strategy implementation is often based on operations advantages. To ensure compliance of operational processes to a business strategy an operation-based strategy can be created. Superior operations effectiveness improves the company's competitiveness and is difficult to imitate [2].Requirement Management (RM) presents concepts of Manuscript received April 1 2014; revised May 27, 2014. This work was supported in part by Danfoss PE, Denmark.Dagný Hauksdóttir is with the Engineering Design and Product Development, Technical University of Denmark (e-mail: dagha@dtu.dk).Poul E. Nielsen is with Danfoss' Power Electronics Division in Graasten, Denmark (e-mail: Poul_Erik_Nielsen@danfoss.com).identifying, collecting, and allocating functions and quality parameters that an intended system must meet to satisfy its customers' needs. ...
