Studies indicate that U.S. organizations spend millions of dollars in failing projects. Additionally, over half of the projects developed in the U.S. come in late and over budget or are lacking in some of the key requirements needed to make the product successful.

Projects can have thousands of initial requirements, and each requirement can shift and alter during a project's life-cycle. These organizations fail because they have difficulties implementing the project's numerous requirements, which can change over time, be forgotten, or get left behind.

Many of these projects end up cancelled and result in a significant waste of company resources and expenses—not to mention the loss of market share and life-cycle profitability for a product.

The key to successful projects is collaborative requirements management—organizing and managing a project's requirements and implementing them as a Team. The key to successful collaborative requirements management is finding the right tool to help you.