What is a typical Requirement development process?

Requirements development process is initiated by the following two most common events:

Plan new Product or Service launch

A new Product or Service launch may impact existing processes, systems, business function or may need new systems or processes. The high level requirements development process shown below explains the different stages and inputs/outputs of every stage.

Change to existing Product, process or system.

Any change to existing Product, process or system is driven by changes in Organisational objective. This change may impact existing processes, systems, business function or may need new systems or processes. The high level requirements development process shown below explains the different stages and inputs/outputs of every stage.