Requirements Management – Why it is essential for Project success


The pressure of creating smarter products and systems is increasing the challenge for engineering enterprises.  With the rapid market changes in all industries, complexities to manage system requirements are on the rise.

Today, enterprises have to withstand the pressures of high-speed evolution of technologies, the emergence of new technologies, and associated process change. Simultaneously, harmonising with a broader range of stakeholder’s interests in the development.

It is essential to use robust requirements management tools to overcome such challenges. The requirements management function is the first step in a trail of traceability from requirements through user stories, design, code generation, testing, and deployment.

In this article, we will discuss the importance of Requirements Management for any successful project.

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Importance of Traceability & How it can help you manage your Projects Efficiently

Traceability is hard to ignore when it comes to project management. Whether you’re a project manager, business analyst, test manager, developer, or a product owner, you need to ensure you are delivering as per the business objectives.

Tracing the requirements for each sprint, release or project gets difficult in this fast-paced development environment. Irrespective of the organization and adopted methodologies, each release can have a wide range of requirements. Some projects may only have a handful of requirements, while other projects could have hundreds of requirements.

Gartner explains why companies underestimate the benefits of traceability:

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Requirements Version Management: Why you need it in Project Development

Almost every product evolves through a series of releases or iterations that correct defects, add more features, or update previously implemented features. It’s quite possible that for a product there can be a number of versions running in parallel.

Therefore you need to determine the best ways to store and manage these requirements. And avoid confusion about which requirements were used in each version while branching. An in-depth version control system helps to achieve this. 

Version control or version management allows the management of changes in requirements over time. It allows a complete retrace of all versions in each project, including the author of those versions.

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