New survey results released from Borland Software Corporation, a global leader in software delivery optimization, suggest that while IT organizations understand the importance of effective requirements management, perception differs from reality when it comes to how they go about gathering, defining and managing requirements. More than three-quarters of the 348 U.S. IT professionals who participated in Borland's survey felt that their organizations had an effective process for specifying and managing software requirements, yet only 30 percent have an automated system to manage the process. Further, nearly one-third reported that their organizations offer no training on requirements definition and management processes.

The study revealed that 84 percent of respondents believe that getting software requirements correct was "critical" or "important" to their business. More than 90 percent of respondents said that improving overall requirements processes could provide companies with a competitive advantage. Furthermore, over half of the respondents felt their particular organization could save more than 30 percent in development costs by implementing better requirements processes - confirming a concept that many analysts and industry experts push with IT.

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