There’s a secret about poor requirements management that everybody knows but nobody wants to talk about: up to 85% of rework costs are due to requirements defects. Typically development, design and engineering teams lack visibility into software requirements—which frequently change throughout the development process, which results in the need for rework. Despite these challenges, development organizations that want to remain competitive must deliver higher-quality software faster and with fewer resources. This paper discusses how improving your requirements management process offers one of the most effective ways to cut costs, boost productivity and bring software to the marketplace faster.