What should be done when requirements change significantly during a project?

When requirements change significantly during a project, it is essential to update the Market Requirements Document (MRD) and the Product Requirements Document (PRD) accordingly. This approach ensures that the project documentation accurately reflects the current expectations and needs of the stakeholders.

Updating these documents is crucial for several reasons. First, it provides a clear and updated reference point for the project team, aligning their work with the new requirements. This ensures that development efforts are properly guided, minimizing the risk of delivering a product that does not meet the latest stakeholder needs.

Second, it promotes transparency and communication among all team members and stakeholders. An updated MRD and PRD can help everyone involved in the project understand the scope changes and their implications, which fosters collaboration and adjusts expectations accordingly.

Additionally, having the documentation updated facilitates better decision-making because it allows project managers and teams to assess the impact of changes on timelines, resources, and potential risks associated with the project.

In summary, updating the MRD and PRD when there are significant changes in requirements is critical for maintaining alignment, improving communication, and assessing project impact, leading to more successful project outcomes.