Why is it important to manage requirements throughout their life cycle?

Managing requirements throughout their life cycle is crucial because it ensures that requirements remain aligned with the overarching business objectives as the project evolves. Throughout the project, priorities may shift, new stakeholder needs may arise, and market conditions may change. By continuously revisiting and refining requirements, teams can confirm that what they are delivering continues to meet the strategic goals of the organization.

Aligning requirements with business objectives leads to better resource allocation, more effective decision-making, and ultimately results in successful project outcomes. This alignment ensures that the end product delivers true value to the organization and satisfies the intended goals.

While other factors such as team communication, stakeholder satisfaction, and budget management are important, they can often be the result of properly managed requirements. Thus, the primary focus on aligning requirements with business objectives effectively drives the success of the project and the satisfaction of stakeholders in the long run.