The Business Case for Modernizing Requirements Definition and Management

How Organizations Are improving Project Success Rates.

In today’s economy business pressures are increasing, and pressure in turn is being applied to IT to deliver the applications those businesses need to compete, or even survive.

In spite of the need to perform better, project success rates are actually getting worse. In 2008 IT project success rates were at 14%, 4% worse than in 19983. IT projects success rates have hit a wall.

In order to succeed, IT departments have begun to embrace the concept that modernizing their requirements approach is the key to improving process success rates. Having an integrated solution that addresses the entire requirements lifecycle spanning definition and management in the context of a collaborative approach that involves project stakeholders and team members alike provides the foundation for higher-quality requirements and the ability to deal with the requirements changes in a methodical fashion.

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