The software engineering team is developing an online learning platform using an incremental development process. The platform will provide paid courses across many fields to generate income for instructors and the platform. The requirements include offering courses, exams, certificates and features like security, speed, availability, reliability, and ease of use. Functional requirements include user authentication and closing the site during attacks. Non-functional requirements specify verification codes must be entered within 10 minutes, actions processed under 5 seconds, and handling 50,000 simultaneous users.