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Every organizations need to focus on requirements to grow their business. Basically, company produce products based on customer requiremenst. In simple words, requirement is someone's ability to provide product or services to customers.

· Management of requirements is very essential factor for any new project or new business. It’s helps with reducing cost for project. For example, if you starting project for developing website for customer you need to make sure what exactly consumer need. Work to fulfil customer demands and you do not have to install extra tools or hire extra employees.

· Planning with help of requirements ensure quality of product, time efficiency as well as consumer satisfaction. For example, some employees try to do more or less against customer requirement that lead to extra time to fix it and redo it as well as you loose confidence of customer with company. Go with exact plan with all requirements help you to build a batter product.

In a project management communication with all the key people related to project is as important as a managing requirement. Project Manager and supervisor are usually the most important people in any project. Sometime, higher management does not involve important employees while making decision regarding project that lead to failure of project sometime. I think communicating and sharing information with all employees relate to project is very important. If manager include and take suggestion from other employees can improve quality of their work as well as the project’s.

References: -

Shemuseva, O. (n.d.). Retrieved from https://steelkiwi.com/blog/requirements-why-it-important/