What should the requirements document utilize in its preparation?

The correct choice is market research, as it is essential in the preparation of a requirements document. Market research helps identify existing solutions, technological advancements, and the current capabilities of vendors and suppliers, which are crucial for developing precise and effective requirements. By leveraging market research, a project can ensure that its requirements are aligned with what is available in the marketplace, that they meet industry standards, and that they are realistic and achievable.

Using market research informs decision-makers about the competitive landscape, potential pricing structures, and innovative approaches that could be adopted. This information guides the drafting of requirements that not only address the organization’s needs but are also feasible based on current market offerings. In essence, this preparation helps minimize risks and enhances the likelihood of project success by grounding requirements in tangible data rather than assumptions or outdated practices.