While there is no simple solution to these problems, companies can benefit greatly from looking at Requirements Management holistically to gain a better understanding of what is going wrong and why. Our research reveals the common sources of trouble when managing requirements and possible approaches to get Requirements Management back on track.
Our study unveils how addressing challenges in execution can improve companies’ cost reductions by more than 30 percent.
Looking ahead, Requirements Management also has the potential to be even more central to company success, by helping deepen relations between original equipment manufacturers (OEMs) and customers. This role is likely to be of increasing importance in years to come as, with ever growing customer expectations, companies see a shift away from today’s situation, where the customer more often hands over a list of requirements to the OEM, to that where the OEM and the customer sit down side by side to jointly define products.