What are the most critical Challenges in Requirements Management?

Every Project Manager or Business Analyst understands the efficacy of managing requirements to deliver a successful project. Whether its a Project Management or Software Development, the foundation of success or failure depends on requirements management.

The vitality of requirements crosses project methodologies, whether agile or traditional. It also crosses industries, from financial, manufacturing, construction, energy, telecom, or others.

Analysts report that as many as 71% of software projects that fail do so because of poor requirements management, making it the single biggest reason for project failure – bigger than bad technology, missed deadlines, or change management fiascoes.

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