Requirements gathering activities should be scheduled by your project plan like any other project related activities. If these activities don't track to the schedule, whether because the schedule isn't feasible or some other reason, it will cause all the dependant activities to slip. Once you've chosen your requirements gathering approach and the stakeholders you'll meet with to gather the requirements, you can schedule the meetings, or interviews, or other methods for soliciting the requirements.

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A company with poor requirements practices is just asking for over-budget costs and regular failure, according to a new report by IAG Consulting. The report, entitled Business Analysis Benchmark, examined 110 enterprise technology projects at 100 companies to determine just how important project requirements really are.

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Agile development practices introduced, adopted and extended the XP-originated "User Story" as the primary currency for expressing application requirements within the agile enterprise. The just-in-time application of the user story simplified software development and eliminated the prior waterfall like practices of overly burdensome and overly constraining requirements specifications for agile teams.

However, as powerful as this innovative concept is, the user story by itself does not provide an adequate, nor sufficiently lean, construct for reasoning about investment, system-level requirements and acceptance testing across the larger software enterprises project team, program and portfolio organizational levels.

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