Requirements management is a crucial aspect of software project development for identifying, documenting, and managing the needs and expectations of customers and stakeholders. But issues related to requirements management are a leading cause of software project failures. Delivering products that meet customer needs on time and within budget remains a challenge for many organizations. A main reason for this is that requirements management can be quite complex.
Gathering and documenting requirements involves the perspectives, priorities, and expectations of multiple stakeholders. Miscommunication and misunderstandings can easily occur, leading to incomplete or unclear requirements, misunderstandings, conflicting interpretations, and project failures. Inadequate communication and collaboration among teams and stakeholders also contribute to requirements management issues.
Also, organizations still using outdated or ineffective tools lack the necessary functionality to effectively capture, track, and manage requirements throughout the project lifecycle. Investing in modern requirements management tools can help improve the efficiency and accuracy of the process.