In which document are project requirements typically documented and prioritized?

The Requirements Traceability Matrix is a specific tool used to document and prioritize project requirements effectively throughout the project lifecycle. It serves as a dynamic document that links requirements to their source, ensuring that all requirements are tracked from inception to completion. By utilizing a traceability matrix, project managers can see how each requirement is addressed in design, implementation, and testing phases, facilitating better oversight and confirming that project deliverables align with stakeholder needs.

The matrix not only functions as a method for tracking changes and verifying that requirements are met, but it also aids in prioritizing these requirements based on factors such as stakeholder importance and project constraints. This systematic approach ensures that all critical requirements are met and changes are documented, making it a key element in successful project management.

Other options like the Requirements Specification Document detail what the requirements are but may not emphasize prioritization or tracing. The Project Charter outlines the project's objectives and high-level requirements without going into detail about prioritization. The Scope Management Plan defines how the project's scope will be managed but does not necessarily focus on the detailed documentation and prioritization of individual requirements. Thus, the Requirements Traceability Matrix is uniquely suited for this purpose, providing a comprehensive view of requirements and their relationships.