PMP® Exam Prep Online, PMP Tutorial 19 | Planning Process Group | PM Processes | Collect Requirement

PMP® Exam Prep Online, PMP Tutorial 19 | Planning Process Group | PM Processes | Collect Requirement.
Collect Requirements is the process of determining, documenting, and managing stakeholder needs and requirements to meet project objectives. The key benefit of this process is that it provides the basis for defining and managing the project scope including product scope. The project’s success is directly influenced by active stakeholder involvement in the discovery and decomposition
of needs into requirements and by the care taken in determining, documenting, and managing the requirements
of the product, service, or result of the project. Requirements include conditions or capabilities that are to be
met by the project or present in the product, service, or result to satisfy an agreement or other formally imposed
specification. Requirements include the quantified and documented needs and expectations of the sponsor,
customer, and other stakeholders. These requirements need to be elicited, analyzed, and recorded in enough detail
to be included in the scope baseline and to be measured once project execution begins. Requirements become
the foundation of the WBS. Cost, schedule, quality planning, and sometimes procurement are all based upon
these requirements.