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The success mantra for every business lies in understanding the customer requirements. A requirement is a capability to which a product or service should conform to. However, in the globalized business world, understanding the needs of the large customer base is a difficult proposition as simple speculations will lead to wastage of time and investments. An effective requirement analysis will save the enterprise from such losses. Nevertheless, this would require them to make use of a platform that would facilitate capturing the requirements, managing them and collaborating for the development of products and services. Wikipedia defines requirements management as “the process of documenting, analyzing, tracing, prioritizing and agreeing on requirements and then controlling change and communicating to relevant stakeholders”. Being a continuous process throughout a project requirements management plays a significant role in software development life cycle and more so in case of distributed software and systems development. For efficient and optimal management of requirements, enterprises need to invest in requirements management tools that can assist them in defining, documenting and allowing them to store requirements in a central location for easy access by the project teams as well as customers. The proper use of requirements management tools works in tune with business strategies towards reduction in costs, minimized time to market, quality enhancements and maximum customer satisfaction. These tools developed by the leading service providers in application lifecycle management is an "anytime anywhere requirements" management, gathering and analysis application that helps the distantly located team members share project objectives and deliverables. With its rich implementation of requirements gathering, parsing, base lining, traceability and intelligent reporting in a process oriented methodology, the requirements management solution helps the project teams to efficiently map and manage requirements resulting in a top-quality application that matches the user requirements. The industry leading requirements management tools are completely web-based with all functions including administrative and configuration processes being supported over the web. This enables effective telecommuting, better management and control of offshore projects and easy collaboration with both internal groups and service partners. Further with the most comprehensive traceability relation features the tools allows multiple types of relations including customized ones between requirements. This facilitates enterprises to create logical links either as 'depending’, ‘affecting’, or ‘bi-directional'. Well managed and implemented requirements are of great value for the enterprise. By reusing the requirements, project teams can cut down on development time while enhancing the project quality. The requirements management tool from the leaders in the industry has several features which supports the requirements’ reuse. Further this also benefits enterprises to evaluate and prioritize requirements for releases, facilitates in better team collaboration and communication, and automatically manages regulatory compliance while effectively integrating with other tools. Read more about- application lifecycle management, ALM
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requirements management, software development lifecycle, requirements management tools, application lifecycle management, ALM,
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