Why is "approval" a key aspect of requirements management?

"Approval" is a key aspect of requirements management because it ensures that stakeholders agree with and understand the requirements. When stakeholders give their approval, it signifies that they have reviewed the requirements thoroughly and are aligned with the project goals and outcomes. This agreement is crucial in fostering collaboration and preventing misunderstandings later in the project lifecycle.

Furthermore, obtaining approval creates a formal record that can be referred to throughout the project, enhancing traceability and accountability regarding what has been agreed upon. It also helps in managing scope and expectations, as any changes to requirements after approval may require additional reviews and reassessments of project impact, timelines, and resources. This process not only solidifies stakeholder buy-in but also helps in reducing the risk of project failure due to miscommunication or misalignment on requirements.