What are the best practices for requirements management?
Industry research shows that 47 percent of projects fail due to poor requirements management. Leading enterprises identify end user needs, collaborate across stakeholders, and establish a shared understanding of constraints through the lifecycle, resulting in traceability and visibility of changes to reduce redundancy and ambiguity.
Collaborate in real-time across design teams with visibility to requirements and critical relationships. Effective requirements management reduces development costs by 57 percent and costs of quality by 69 percent, while accelerating time to market by 20 percent.
Adopt a strategic approach to outpace your competitors
Past approaches to requirements management may not be sophisticated enough for complex, connected, IoT-enabled products. Leading companies start with a strategic approach to requirements management that will transform their products into functional and connected systems.