What does Requirement mean in Project Management?

A condition or capability that must be met or possessed by a system, product, service, result, or component to satisfy a contract, standard, specification, or other formally imposed documents. Requirements include the quantified and documented needs, wants, and expectations of the sponsor, customer, and other stakeholders.

Download a Requirements Gathering Template

Download a Requirements Management Checklist

Download a Requirements Management Plan

Download a Requirements Traceability Matrix

Meaning and definition of Requirement

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