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CHAPTER 3: PLANNING A PROFITABLE PROJECT > Creating the Project Scope Statement - Pg. 72

72 PROJECT MANAGEMENT FOR SMALL BUSINESS + the requirements and their status in the project, and allows the project team to track them from concept to actual implementation as part of the project scope. If you've ever reached the end of a project, only to realize that some of the requirements weren't completed, a requirements traceability matrix is for you.To create a requirements traceability matrix, you'd document and track these characteristics for each requirement: + + + + + Requirement description Unique identifier Prioritization of the requirement Status of the requirement (completed, canceled, modified, in progress, or other status) Date completed