Which role does prioritization play in managing competing requirements?

Prioritization in managing competing requirements is crucial because it ensures that the highest value features are developed first. By evaluating and ranking requirements based on their importance, impact, and alignment with business goals, stakeholders can focus on delivering the most valuable features early in the development process. This approach helps optimize resource allocation and increases the chances of meeting stakeholder needs effectively and efficiently.

Prioritizing requirements also allows teams to make informed decisions about scope, facilitating more manageable workloads and timelines. It ensures that functionality delivering the most significant benefits to users or the business is addressed without unnecessary delays or resource wastage on lower-priority items. Overall, prioritization is a key practice in ensuring that the project's outcomes align with strategic objectives.