Requirements management can be defined as a systematic approach for organizing, eliciting and documenting the software needs of a system and then setting up and maintaining an agreement between the consumer and the project team on the modifications to those needs. Efficient requirement management tools help in maintaining a clear statement about the requirements, along with apt attributes and traceability to other needs and project artifacts.

1. Features & Benefits of Requirements Management Tools
Requirements management can be defined as a systematic approach for organizing, eliciting and
documenting the software needs of a system and then setting up and maintaining an agreement
between the consumer and the project team on the modifications to those needs. Efficient
requirement management tools help in maintaining a clear statement about the requirements, along
with apt attributes and traceability to other needs and project artifacts.
Importance of Requirements Management Tools
Requirements analysis is a huge starting step in software development. Being able to manage the
changing requirements through the software development life cycle is the main aspect in setting up a
successful solution that helps to cater to user requirements and is set up on time and within the
estimated budget. Hence, an essential feature of requirements management tools is to communicate
about the requirements to all the team members all through the life cycle. The process is useful for
end users, project stakeholders, developers, project managers and testers as it ensures that they are
continuously kept appraised of the requirement status and have a deep understanding of the changing
needs especially for schedules, functionality and expenses.
The key requirements management skills thus include:
 Problem analysis
 Understanding stakeholder requirements
 Defining the system
 Managing the scope of the system
 Refining system definition
 Managing the changing requirements
Today service providers specializing in application lifecycle management has come up with advanced
requirements management tools that have inbuilt technologies offering a highly user friendly and
simple interface. The rich implementation of requirements parsing, gathering, management,
traceability, intelligent reporting and base lining in a process driven manner helps the project teams to
manage and map the requirements. In addition to this, the requirement management tool is hundred
percent web based offering the following benefits:
 More effective telecommuting
 Better management and control of offshore projects
 Better collaboration with different internal functional groups
 Better collaboration with service partners
Advanced equipment’s management tools offers a rich and configurable, global platform that helps in
capturing a set of requirements, collaborating with their development, and tracing implementation
back to specs. The project objectives and deliverables are shared by various team members i.e.
customers, analysts, software architects and designer for collaborating on managing requirements
locally or globally. Furthermore, it also makes sure that all developers are operating from the same
playbook, irrespective of their location, without any expensive last minute surprises. Therefore, the
outcome is a high-end application that matches what the end user asked for and complies with all
internal and external requirements.
Other Links - Agile Methodology & Application Lifecycle Management