Before you start a project, you need to capture the requirements. Most project teams create documents to store their requirements, but this has some limitations such as keeping the requirements current, communicating the changes, storing related information, linking requirements, tracking and managing concurrent requirement sets, requirement re-use, collaboration across geographies (or teams!) and dealing with requirements that have been rejected.
70% of all companies have suffered at least one project failure in the past 12 months, according to KPMG, while 39% of all projects fail due to poor definition of requirements. For many, these failures are costly, resulting poor employee productivity and lost revenue opportunities.
R1 Requirements centralizes, unifies and gives end-to-end traceability for user needs, detailed requirements for implementation and acceptance, while remaining methodology agnostic. This allows project teams to confidently track and monitor the status of all requirements and changes to those requirements throughout the project lifecycle.