Gathering Requirements is the phase in the project where we begin by identifying what the user or the customer (the person who is going to use the project/product) wants. Without a clear cut idea of what the user wants, we cannot possibly give it to him.
A requirement is a condition, characteristics, or a capability that a specific outcome of the project must have.
Requirements may come from different sources, such as from standards, specifications, and contracts. Stakeholder expectations and needs often materialize into requirements as well.
A Real Life Example:
Lets say, you walk into a restaurant with your spouse. Usually the Restaurant Floor Supervisor would walk up to your table and greet you first and then ask you for the order. You will tell him all your favorite dishes and he will go place the order with the kitchen staff. If no one from the restaurant comes up to ask you what you want, can they give you what you like to eat? Unless the floor supervisor captures your order in a notepad correctly (without missing your favorite dishes) you will not leave the restaurant satisfied.
The part where the floor supervisor in the restaurant notes down all your dish orders is equivalent to the Requirements Gathering Phase of a Project.
Unless, the requirements are gathered correctly, the outcome will not be nice and the customer is going to be unhappy.
Developing the project charter.
A business requirement document is a detailed outline of what a project needs to achieve, including goals, features, and functionalities. It is important for the success of a project because it serves as a roadmap for all stakeholders involved, ensuring everyone is on the same page and working towards a common goal. It helps to clarify expectations, minimize misunderstandings, and guide decision-making throughout the project lifecycle.
You first need to define the purpose and results of the project, list out all the things you intend to accomplish as a part of this project, create a project requirements document.
The project initiation document summarizes the project in one document to be used as reference when the details get messy.
I believe you mean the Project Initiation Document (not just Project Document). The feasibility study occurs before initiating the project. The project initiation document assumes that the project is approved, is feasible (on all levels), and aligns with the company strategy (as explained by the feasibility study).
The project charter is a document that states the initial requirements to satisfy the stakeholders needs and expectations. It is the document that formally authorizes the project. The project charter is the document that formally authorizes a project, which includes naming the project manager and determining the authority level of the project manager.
This is fine. Perhaps it would be slightly improved if "requirement" were plural, but it depends what the project is.
Project managers can effectively collect requirements for a project by engaging stakeholders, conducting interviews, surveys, and workshops, and using tools like requirement gathering templates and software. It is important to communicate clearly, document all requirements, prioritize them, and ensure they align with the project goals and objectives.
The project initiation document summarizes the project in one document to be used as reference when the details get messy.
An SRS document is formed after requirement engineering. The SRS stands for Software Requirement Specification.
In Requirement specification we specify the the requirements of the software project. It is important because if requirements are not properly specified the end product will not satisfy customer's requirement.
"requirement" is nothing but the raw data gathered from the customer what he wants. "requirement specification" is a document which specify the requirements.