The world of requirements management has developed significantly and has increasingly become one of the foundation stone of successful software projects. While requirements will have interdependencies, a well written and implemented Requirements always have a great value. Requirements management has a critical effect on an organization's development costs and software quality.

1. Successfully Manage Customer Expectations with Requirement Management Solutions
The world of requirements management has developed significantly and has increasingly become one of
the foundation stone of successful software projects. While requirements will have interdependencies,
a well written and implemented Requirements always have a great value. Requirements management
has a critical effect on an organization's development costs and software quality. A recent survey of
European software organizations identified that more than 40% perceived that they had major problems
in managing customer requirements, and more than 50% perceived that they had major problems in the
area of requirements specification.Which is why requirements management is critical for managing
existing consumer expectations. There needs to be a process that takes requirements from various
sources, determines if they should be added to the backlog, and disposes of them properly.
A good requirements management solution allows an organization to avoid many design mistakes and
to reduce failures during the development process. The cost of fixing errors or changing functionality
increases exponentially with the development phases. In software development life cycle studies have
indicated that the repair cost of an error is about 10 times higher during the tests as during the
requirements management. It is therefore important to ensure that there is no error undiscovered. The
fact of the matter is that the main error causes come from bad or wrong requirements. Therefore an
improved requirements management can lead subsequently to a reduction in the product failures and
development cost of the product.
The global overall quality of the product increases also with an efficient requirements management
solution . With a good solution, a developer can control all the properties of the product and achieve
compliance with standards and regulations. With a large number of requirements collected from a
variety of sources, it can become difficult to cope with the deterring job of determining the
requirements for a set of organizational objectives.
As requirements management is one of the most important part of a product development, it needs to
be done with success, so that it can allow the development of software quicker and at lower cost. And
while requirements management is a quite difficult task, IT projects should try to improve it as much as
possible. Only an efficient requirements management allows to work successfully on complex projects.
Advanced requirements management tools offers a rich and configurable, global platform for
encapsulating a set of requirements, collaborating on their development and tracing implementation.
Enterprises therefore require a solo web-based ALM solutions that can amply cover all the features
necessary for all asynchronous collaboration. `
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