Claims:We Claim:

1. A method for determining at least one level of effectiveness of requirement gathering for one or more projects, the method comprising:
analyzing, by a project management device, context associated with the one or more projects using predefined qualifiers;
determining, by the project management device, nature of the one or more projects based on the outcome of the analyzing;
dynamically assigning, by the project management device, one or more weightages to one or more parameters associated with the one or more projects;
determining one or more predicted values and one or more actual values of the one or more parameters; and
determining, by the project management device, Effective Requirement Gathering Index (ERGI) based on a comparison between the one or more predicted values, the one or more actual values of each of the one or more parameter and the weightages of the one or more parameters to know the at least one level of effectiveness of requirement gathering.

2. The method of claim 1, wherein the one or more qualifies are at least one of
a risk score,
size of the one or more projects,
duration of the one or more projects,
Critical To Quality (CTQ) of the one or more projects,
business analyst involvement and
customer governance knowledge.

3. The method claim 1, wherein the one or more parameters are at least one of
requirement gathering effort deviation,
requirement gathering schedule deviation,
requirement gathering review defects and
number of stakeholders involved in the requirement gathering.

4. The method of claim 1, wherein the predefined qualifiers are stored in the project management device.

5. A project management device for determining at least one level of effectiveness of requirement gathering for one or more projects, comprising:
a processor; and
a memory communicatively coupled to the processor, wherein the memory stores processor-executable instructions, which, on execution, cause the processor to
analyze context associated with the one or more projects using predefined qualifiers,
determine nature of the one or more projects based on the outcome of the analyzing,
dynamically assign one or more weightages to one or more parameters associated with the one or more projects,
determine one or more predicted values and one or more actual values of the one or more parameters, and
determine Effective Requirement Gathering Index (ERGI) based on a comparison between the one or more predicted values, the one or more actual values of each of the one or more parameter and the weightages of the one or more parameters to know at least one level of effectiveness of requirement gathering.

6. The project management device claim 5 further comprising:
a requirement gathering tool to capture and maintain requirements associated with the one or more projects.

7. The project management device claim 5 further comprising:
a ERGI engine for determining ERGI metric.

8. The project management device of claim 5, wherein the one or more qualifies are at least one of
a risk score,
size of the one or more projects,
duration of the one or more projects,
Critical To Quality (CTQ) of the one or more projects,
business analyst involvement and
customer governance knowledge.

9. The project management device of claim 5, wherein the one or more parameters are at least one of
requirement gathering effort deviation,
requirement gathering schedule deviation,
requirement gathering review defects and
number of stakeholders involved in the requirement gathering.

10. The project management device of claim 5, wherein the predefined qualifiers are stored in the project management device.

Dated this 14th day of December 2015

Swetha S.N
Of K&S Partners
Agent for the Applicant
, Description:TECHNICAL FIELD

This disclosure relates generally to project management. More specifically, it relates to a system and method for determining effectiveness of requirement gathering for a project.