What are requirements?
Requirements can be a functional/non-functional and implicit/explicit list of features. Either way, they basically get classified as either core needs or good-to-haves for a product or service that will satisfy the customer. The specification varies on the target audience and the type of product being developed by the organization.
In the software industry, once the project is formally initiated and is allocated to a software development team, the first task for the project stakeholder is to gather the requirements. Gathering requirements helps the team to understand the scope of the project, timeline, budget, supported technology, its limitations, number of resources required, features requested, the customer's wish ...
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