Date Added: Jan 2010
If care isn't given to planning the activities of defining product requirements, the entire project could go awry. It is one of the biggest reasons why 60% of project defects are due to requirements and almost half of the project budget is spent reworking requirements defects. There are many success factors that can relate to projects, products, and processes. Some apply to all three. For example, time taken to clarify roles and responsibilities helps ensure that all stakeholders know their accountabilities.