Requirement is something that is required in advance; "Latin was a prerequisite for admission". In the industrial and business context, a requirement refers to a specific need or condition that must be met in order to achieve a desired outcome.

Requirements can include a wide range of criteria, such as technical specifications, performance standards, regulatory compliance, or customer expectations. Here are some examples of requirements in the industrial and business context:

  1. Technical requirements: A software development company may have technical requirements for a new software application, such as compatibility with specific operating systems or programming languages.

  2. Performance requirements: An automobile manufacturer may have performance requirements for a new car model, such as fuel efficiency or acceleration time.

  3. Regulatory requirements: A pharmaceutical company may have regulatory requirements for a new drug, such as compliance with FDA regulations or clinical trial data.

  4. Customer requirements: A consulting company may have customer requirements for a new project, such as delivering the project within a specific timeline or budget.

Requirements can be formal or informal, depending on the context and the stakeholder involved. Formal requirements may be documented in a project plan or contract, while informal requirements may be communicated through conversations or emails. Meeting requirements is often a key factor in determining the success of a project or product, and organizations may use various methods to track and ensure requirements are met, such as testing, inspection, and quality control processes.

Ref: 86205/2006-09-13

Something that is demanded; necessity, something that is needed

Ref: 84558/2006-08-20


Other Database Pages Exist for this Phrase:
demand (Demand refers to the desire to possess a good ...)

 

You have no rights to post comments

Related Articles

Capability ■■■■■■■■■■
Capability has to do with the ability to execute a specified course of action as it is defined by an . . . Read More
Ability ■■■■■■■■■■
Ability is defined as the skill and aptitude that an employee needs in order to perform successfully . . . Read More
Company ■■■■■■■■■■
A company is an association or collection of individuals, people or "warm-bodies" or else contrived "legal . . . Read More
Accuracy ■■■■■■■■■■
Accuracy: In an industrial or industry context, accuracy refers to the degree to which a measurement, . . . Read More
Warranty ■■■■■■■■■■
Warranty:  ; - A warranty is a term of a contract. Depending on the terms of the contract, a product . . . Read More
Family ■■■■■■■■
Family: ; In human context, a family (from Latin: familia) is a group of people affiliated by consanguinity . . . Read More
Price ■■■■■■■■
Price: ; In ordinary usage, price is the quantity of payment or compensation given by one party to another . . . Read More
Abortion ■■■■■■■■
Abortion: An abortion is a premature termination after a failure; (of a project, etc.):; - - In an industrial . . . Read More
Environment ■■■■■■■■
Environment may refer to the physical and biological factors along with their chemical interactions that . . . Read More
Evaluation ■■■■■■■■
Evaluation is a systematic determination of a subject's merit, worth and significance, using criteria . . . Read More