A feasibility study is undertaken to determine the viability of converting the high-level features into a workable solution. While the study is conducted, we also decide on state-of-the-art technologies that will be used to convert these features into a scalable, flexible and adaptable business solution.
Now the project feature list, effort, budget and timelines are clubbed to create a project backlog. The list of requirements to be delivered is the project backlog. After the project backlog is prepared, the Business Owner, Engagement Manager and Project Manager Meet to discuss on team roles/responsibilities, time lines, budget, etc.