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Requirements Management can be defined as a procedure that traces, captures and manages the stakeholder requirements and changes that take place all through the product life cycle. It is an integral area under Requirements Engineering. The objective of Requirements Management is to effectively manage the scope of the project, specification changes, minimize the project risk and also make sure that the project meets the real business targets. It has been estimated that 40 percent of the requirements generate rework during the project lifecycle. A conventional process that is used to facilitate the discovery of requirements management is to define them through a system’s anticipated outputs, inputs, attributes and functions. Irrespective of the chosen methods, several medium to large scale software products have many requirements. Managing them efficiently, at times can be a major challenge. Since the objective of requirements specification is not only to attain agreement but to form the basis of the software product design, understanding between the user and the development organization is vital. Today requirements management still is a major challenge in all dimensions of software development life cycle projects. For certain smaller projects, the requirements might be brief and informal, making it more complex to manage the same appropriately. In case of huge projects, especially the ones with aggressive development schedules, the requirements generally to change in an ongoing manner and managing them appropriately seems to be a concern. If the requirements cannot be managed effectively, the concerns prioritizing, organizing, managing, controlling and offering resources can become major concerns during development. Today companies specializing in application lifecycle management solutions have introduced advanced requirements management tools that are 100 percent web-based applications. It has been set up for project optimization that is distributed between a campus building and sites that is round the globe. All its features, including configuration and administrative processes, are supported through the web. The benefits that results from this are: • Effective telecommuting • Efficient management and proper control of overseas projects • Better collaboration with varied internal functional teams • Improved collaboration with solution providers Innovative requirements management tools today come with a compact traceability relation features. It helps in all types of associations, including the custom ones, between requirements thereby allowing you to set up logical links, such as “depending”, “bi-directional” and “affecting” between the requirements and then be able to view then in a set of multiple visualizing tools. Furthermore, it also includes the folder hierarchy report on the Requirements traceability, Requirements traceability matrix and the Requirements Traceability Relation Network Diagram. The tool facilitates in both reactive and proactive analysis. Related Links - Agile Methodology
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software development life cycle, application lifecycle management, requirements management tools, traceability matrix, Agile Methodology,
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