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Requirements management software helps development teams eliminate manual compliance efforts and significantly reduce product delays, rework, and cost overruns. Some platforms, like Jama Connect\u00ae<\/sup><\/a>, also include frameworks and templates aligned to industry standards \u2014 and enable live requirements traceability<\/a> through siloed development, test, and risk activities, providing end-to-end compliance, risk mitigation, and process improvement.<\/p>\n In this post, we’ll share the eight ways that a requirements management platform can save your company significant money, making it a wise investment at any time \u2014 especially during challenging economic times.<\/p>\n A modern requirements management solution (like Jama Connect\u00ae<\/sup>) can help your teams reclaim hours of unproductive work time, resulting in money saved across the organization. Without a modern requirements management solution, highly skilled \u2013 and often highly paid \u2013 employees can waste up to 40% of their time on tedious, unproductive activities such as:<\/p>\n After implementing Jama Connect, our customers on average, quantify that they are reclaiming one to two hours of productive work time per day, some even more. The engineers at Monolithic Power Systems<\/a> can now quickly and easily produce required documentation and no longer need to spend time in multiple time-consuming meetings and scrums to get a clear picture of what\u2019s happening with their products. And with Jama Connect, they can automatically generate \u2014 at times \u2014 70-80 pages of documentation (entered correctly one time, in one place) and efficiently generate any additional documentation they need, saving their engineers countless hours of documentation time.<\/p>\n Another customer, RBC Medical Innovations<\/a> (now known as Vantage Medtech)<\/strong> shared that on one of their state-of-the-art capital equipment development projects, Jama Connect saved them 123 team-member days with an average cost savings per project of $150,000. And medical industry innovators and pioneers in the field of plasma science, Grifols<\/a>, reports saving 80 hours or more per project after implementing Jama Connect.<\/p>\n Interested in the numbers?<\/p>\n Let\u2019s take, for example, this simple calculation.<\/p>\n If you have 10 team members engaged in core requirements management activities, and each spends roughly four hours on the above-listed unproductive tasks per weeks, the annual budget reclaimed with Jama Connect would be $94,118.<\/p>\n Note: The calculation assumes 237 actual working days per year (at an average salary of $100K) with each author in Jama Connect reclaiming a conservative one hour per day.<\/p>\n Test this out with your own numbers using the interactive calculator below!<\/p>\nRequirements Management Software can help your organization save money by:<\/strong><\/h2>\n
1. Reclaiming Productive Work Time<\/strong><\/h2>\n
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