Which of the following describes the significance of requirements management?

The significance of requirements management lies in its essential role in ensuring that stakeholder needs are continually addressed and met throughout the project's lifecycle. This process involves identifying, documenting, and managing requirements so that they evolve along with changes in the project environment and stakeholder expectations.

By effectively managing requirements, a business analyst can ensure that the final deliverable aligns with what stakeholders initially envisioned and that any alterations or new needs that arise during the project are incorporated. This iterative attention to stakeholder needs reduces the risk of misalignment between project output and stakeholder expectations, ultimately leading to higher satisfaction and project success.

While maintaining timelines, keeping stakeholders informed, and contributing to overall project success are important aspects of project management, they serve more as supportive functions in the broader context of requirements management, which is fundamentally focused on meeting stakeholder needs effectively.