You are the business analyst for your organization. Management realizes that a proposed solution has risks that may cause the entire project to fail. They would like you to prioritize the requirements with maximum risks first so that if the project fails, there is little loss of capital in the project implementation.
What requirements prioritization approach is management asking you to create in this instance?
Management is asking for a requirements prioritization approach that focuses on addressing the most critical risks first. Prioritizing based on business or technical risk ensures that the requirements with the highest risks are tackled early, reducing the potential loss of capital if the project fails.
BABOK v3 p88
BABOK v2 page 101
They want to prioritize the requirements based on the risks associated with them, aiming to address the most critical risks first to mitigate the potential failure of the project and minimize loss of capital. BABOK V3 pg76: Prioritize Requirements: assesses the value, urgency, and risks associated with particular requirements and designs to ensure that analysis and/or delivery work is done on the most important ones at any given time.
BABOK 3..pg 76