Which stakeholder is typically responsible for approving and prioritizing requirements?

The project sponsor plays a crucial role in the requirements life cycle management by being the key stakeholder who has the authority to approve and prioritize the requirements. This individual typically holds a higher-level position within the organization and is responsible for ensuring that the project aligns with strategic business objectives. The project sponsor’s endorsement is vital for managing stakeholder expectations and securing funding or resources necessary for the project.

While other roles, such as the business analyst and project manager, contribute to gathering, analyzing, and managing requirements, they typically do not have the final say in prioritization and approval. The business analyst focuses on understanding business needs and facilitating discussions with stakeholders, while the project manager oversees project execution and delivery. The development team implements the requirements but does not usually engage in the prioritization process. Therefore, it is the project sponsor who ultimately carries the authority to approve and prioritize requirements, making them integral to the project's success.