What is Requirements Management: Definition, Benefits, Best Tools – Visure Solutions

Requirements can be defined as the characteristics that a software system must possess to fulfill its intended purpose. Requirements management is the process of handling these requirements throughout the software development life cycle, from initial planning through to final delivery and maintenance. This includes activities such as gathering requirements, documenting them, tracking changes, and managing communication between stakeholders.

Basically, requirement management is a way of judicially collecting, analyzing, refining, and prioritizing all the products or requirements, if you will, of the development phase. 

The major purpose of requirement management is to ensure clear, concise, and error-free requirement fulfillment for the engineering team so that they can make sure to detect errors in the system and potentially reduce the project cost as well as risk.