Exploring Requirement Risk Analysis Through a Qualitative Lens: Application of the Lean Canvas Model

Many software development organizations face risk of software failure due to maximizing cost and time. In this situation, several techniques were utilized to identify and control the risk factors, improving the product quality. For this purpose, the selection of best approach to cope this challenge is a great achievement of the developers. Therefore, lean canvas model was introduced in this study on the basis of time saving and low cost features. Furthermore, this technique takes minimum steps to understand the problem by providing better solution. The focus of this qualitative study is to estimate the percentage working of this tool rather than the percentage model value. In this research, we analyze the requirement risk analysis by using lean canvas model. This model will enable the developers to eliminate the risk for gaining the maximum profit in the business to take favorable results in future. In the light of this research, the products shall be available on short notice within short time span.