Description
Defining requirements specifies the capabilities, features or attributes of the project’s deliverables.  Stakeholder needs, wants and wishes are analyzed to derive the requirements.  Requirements are prioritized to determine which requirements will be included and excluded from the project.

Rationale/Purpose
Defining requirements specifies the capabilities, features or attributes of the project’s deliverables.  Stakeholder needs, wants and wishes are analyzed to derive the requirements.  Requirements are prioritized to determine which requirements will be included and excluded from the project.

• Establish consensus and common ground among project stakeholders and participants
• Form the basis for project deliverables
• Ensure the customer receives a product or service with the functionality requested
• Define stakeholder expectations as specific results
• Set the stage for effective project planning

Who is involved
Project Manager
Project Sponsor
Project Stakeholders
Project Customer

Result
This information is included in a separate section of your project charter often referred to as:

• Functional Requirements