In order to become a market leader, it is imperative that all stakeholders (customers, financial sponsors, developers and testers) be aware of the customer’s needs as captured in the requirements of the products and/or services that are to be produced. This is especially so within both large and small globally distributed companies since the product development organizations often are separated by geography, time and communications. An efficient way to eliminate these potential issues is to develop a common and intuitive requirements management process, which can be deployed across the product development lifecycle. The object of developing a Common Simplified Requirements Management Process is to improve customer satisfaction, eliminate escaping defects and reduce the cost of the development lifecycle. This paper describes the problems of using localised procedures and how these problems can be eliminated by implementing a common requirements management process that is intuitive, scalable and deployed across the System Development Lifecycle. This process has been supported by the industry leading DOORS tool and more recently by the TauG2 tool. An auxiliary benefit of deploying this process is that the process was developed in compliance with standardized methods of documenting and tracing requirements as expected by TL9000 and CMM/CMMI. The net benefits of this simplified requirements process include: increased customer satisfaction due to systems being developed in accordance with the customer’s needs as captured in the requirements, compliance with industry acknowledged process standards and improved cost of quality by eliminating duplication of process maintenance since a common process has been deployed across the development organization.