Also, the budget provided by the sponsor is tied to this cost center. Procured materials, the cost of resources, expenses are accrued in this cost center. In the corporate companies, project costs are generally controlled by cost centers. Project title and project description can be seen in project charter as well.Now let’s see each column of the RTM and their objectives one-by-one. Project title, cost center, and project description. As you see the top 3 rows show high-level information about the project. Most of the corporate companies have a template for Requirements Traceability Matrix and requirements are tracked over RTM throughout the project starting from project initiation until project closure. Requirements Traceability Matrix is usually in a form of table which includes IDs per requirement, source of requirements, responsible for requirement, status…etc. What is included in Requirements Traceability Matrix? Its evolution, how it is fulfilled, which deliverable fulfills the requirement etc. What is the Requirements Traceability Matrix?Įach requirement is written down in the matrix. In this article, we are going to explore what Requirements Traceability Matrix is according to project management certification courses. Requirements Traceability Matrix is abbreviated as RTM.Īttend our 100% Online & Self-Paced One-Hour Free PMP Training. Requirements traceability matrix is a project document, which also helps to track the requirements over the life of the project to ensure they are accomplished. Scope management plan is one of the project management plans, which has this objective because it also included how to collect requirements and how to balance stakeholder requirements. The PMP course tells us that requirements in a project must be documented, tracked, controlled, validated and verified.
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