How does requirements gathering affect project budgets?

How does requirements gathering affect project budgets?

Requirements gathering is crucial as it helps define the project's scope, which directly influences the budget.

Can you explain why unclear requirements lead to budget overruns?

Unclear requirements can result in scope creep, where additional features are added without proper budgeting, leading to overruns.

What are some best practices for effective requirements gathering?

Best practices include involving stakeholders early, using clear documentation, and prioritizing requirements to manage costs.

How can we measure the impact of requirements gathering on our budget?

You can measure impact by comparing project costs before and after implementing structured requirements gathering processes.