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Slide 1: Understanding the Significance of Requirements Management Requirements Management plays a significant role in ultimate success of the project in a distributed software and systems development project. And for an efficient and optimal management of Requirements, a fully functional Requirements Management tool is not just a necessity, it is highly critical. Collaboration and reusability are considered to be the two main aspects of requirements management, which can help considerably in a distributed environment. Managing Requirements with a collaborative approach Collaboration and integration tools among diverse groups or roles working across various geographic locations have become essential for existing software development life cycle practices. It is the basis for working together to share information and to finish tasks. Among the different phases of software development lifecycle, the Requirement Management phase demands better collaboration, due to the fact that a number of distributed stakeholders need to be involved in creating, reviewing and approving Requirements. For distributed teams, an optimized requirements tool should provide for Collaborative Knowledge Management Infrastructure. It should preferably be a distinct webbased application that can envelop all the features required for all asynchronous collaborations. With such a tool, users are allowed to gain access to Requirement Management solutions even from remote locations and facilitate collaboration across geographically dispersed teams. Web based software ensures better TCO (Total Cost of Ownership) which can be quite low as compared to a similar client-server software with a light web interface that offers a relatively small subset of functionality. With a good proactive and reactive impact analysis, the impact of changes is forwarded to stakeholders automatically to ensure synchronization and address corrective actions so that problems are addressed early to minimize cost of changes at the end of the lifecycle. Requirements Reusability In any organization well written and implemented Requirements have a great value. By reusing these Requirements assets, projects can cut down overall development time and enhance quality. Requirements reusability allows users to use well defined, reviewed and approved Requirements from one scenario to another. The situations may differ in terms of different projects, different customers, different products or even different releases of the same product. Cloning of one or more requirements and Reusing Requirements across various Organizational units like Projects for Views and Traceability are some of the tools used to manage reusability. An ideal requirements management tool promotes Collaboration and Reusability for a Requirements Management group consisting of stakeholders from diverse disciplines. Learn more about: service request management & Application lifecycle management