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Requirements Definition
Accurate requirements definition allows businesses to identify functionality and design prior to investing time and resources in developing products and services. Understanding and documenting business requirements is essential to ensuring alignment of the project with the business strategy and makes the project plan easier to sell internally. Failure to accurately define business requirements can lead to wrong decisions and failed implementations.

Concepts & Methodology
Keep the process of gathering requirements uncomplicated.

Keep the participants involved in the process.
Focus on the “what” rather than the “how”.
The requirements should contain: Description of the function or entity being specified; description of its inputs and where these come from; description of its outputs and where these go.
Concepts and methodologies stated above should be used as guidelines only. Development and execution of project plans shall be based on individual business needs.
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