Requirements are basically parts of the solution that will help you solve the end user's problems. They can also be desirable items that will attract the end user to use the product or service. Further, requirements may also contain functions that might be widely used in the existing products available in the market, which makes it critical to be available for a new product to enter the market.
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...