I have often read that no or little requirements' management is probably the cause for most project failures in software development.
From my point of view, I can say that I have seen requirements management save projects from schedule overruns and keeping project managers away from getting new ulcers... Also, having a controlled change management procedure is at the very heart of it.
Years ago at DC SPIN, I heard a speaker say that he wanted to write a novel where the villian would be the Feature Creep, and the hero would be the dashing Contracting Officer who slew the Feature Creep.
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