As products become more complex to support the growing demand for IoT and connectivity, so do the interdependencies that govern the engineering lifecycle. Without a clearly defined process for managing requirements across the lifecycle, you’ll likely be looking at scope creep, project delays, cost overruns, and poor product quality that does not meet customer needs and safety requirements.
Enter: Requirements management.
Designed to ensure product development goals are met, requirements management refers to a series of activities that maintains a current and approved set of requirements over the entire application lifecycle. More specifically, requirements management is the process of collecting, analyzing, tracing, refining, and prioritizing requirements. As a practice, requirements management plays an essential role in minimizing errors, tracking changes, and communicating updates with stakeholders throughout the project.