How do you understand requirements management and what does it include?

Requirements management is the process of gathering, analyzing, documenting, agreeing upon, and controlling changes to requirements for a system or product throughout the project lifecycle. It includes the following key stages:

• Requirements identification: collecting information from stakeholders.
• Requirements analysis: assessing their completeness, consistency, and feasibility.
• Documentation: formalizing requirements in the form of specifications.
• Verification and agreement: confirming correctness and obtaining approval from the customer.
• Change management: tracking and controlling changes to requirements.
• Requirements tracing: ensuring traceability of requirements at all stages of development.

Effective requirements management helps minimize risks associated with misunderstandings and ensures the quality of the final product.