Requirements Management Guide and Exam Tips

The Requirements Management (RM) encompasses processes to establish and maintain agreement between the stakeholders and project teams about the changing requirements of a project.

Importance of RM: Requirements Management is essential as it helps in managing cost, time, quality and scope of projects. It prevents scope creep, handles issues and changes effectively ensuring that the project stays on track, and reduces the instances of project failure.

How RM works: Requirements Management works in several phases: elicitation, analysis, documentation, verification and validation, and management and communication. These phases involve identifying key stakeholders, extracting requirements from them, analysing for validity and feasibility, recording requirements for future reference, checking for accuracy and completeness of requirements, and continuously managing and communicating any changes in requirements to relevant parties.

Exam Tips:

• Understand the crucial role of RM in project success.
• Know the various phases of RM and the purpose of each step.
• Be aware of the challenges and risks in RM and potential solutions.
• Practice identifying and analysing case studies or scenarios where RM could be implemented to address certain issues or improve project management.
• Recognize that requirements can change over time and know how to manage those changes effectively.