Specialist finance provider, BoE Merchant Bank, has bought iLAB Project Services` iREQUIRE requirements management methodology, Dan Zulu, chief information officer at BoE Merchant Bank has announced.
"Increased demand for our service offering has driven the development of a number of new applications," says Zulu. "By using iREQUIRE, our IT and business units can ensure that all formal, correct, and standard user requirements will be met."
Installed in October 2001, with training provided by iLAB Project Services having started in February 2002, BoE Merchant Bank expects iREQUIRE to standardise its requirements engineering through a system of practical process flows, guidelines, templates and checklists.
iREQUIRE is iLAB Project Services` proprietary product, designed to guide the user through requirements specification and change processes throughout the software development lifecycle (SDLC), says Steven Lauter, GM at iLAB Project Services.
BoE Merchant Bank, formally known as the Board of Executors, has been in operation for more than 163 years, and was listed on the JSE in 1987. In 1998, the present company was formed through a merger with NBS and Boland PKS.
"The software applications for which BoE Merchant Bank intends to apply the iREQUIRE methodology are used by the merchant banking and securities division, which includes asset-based lending, full-service commercial banking and e-commerce facilities," says Zulu.
"iREQUIRE provides the knowledge that is needed to successfully generate and control requirements at any stage of the SDLC," continues Lauter. The SDLC is presented to the user by means of navigable phase process diagrams, with associated core processes that cover the span of the lifecycle and directly affect requirements management.
Throughout the SDLC, BoE Merchant Bank will be able to constantly review the identified and approved requirements in all of its e-business and enterprise applications.
"This methodology guarantees that software production will meet customer needs, with the one view of requirements engineering across the business providing traceability and control over baseline requirements, enhanced productivity and improved team communication," concludes Lauter.
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