A failure in requirements gathering and management is the number one cause that projects fail. Determining what needs, wants, or desires are for an application requires a lot of testing and research.
Suppose you don't do your due diligence regarding requirements gathering. In that case, the IT applications won't meet business objectives and will fail to deliver good business value - which means wasting time repeating work instead of achieving accurate results!
In addition to wasted effort on rework/reworked code/rebuilt features from inaccurate definitions- this can lead to significant damage in poor working relationships between IT department members and clients because they may not be able to provide enough information about their needs.
One of the best ways to avoid makeshift solutions is to gather requirements with a clear view of the desired future state. While this can be done through standard operating procedures, many organizations fail to do it.
Gathering requirements across projects and ensuring their governance can help create more excellent uniformity and cohesion in collecting project requirements when they are centralized under either a steering committee or center of excellence.
Business analysts need competence development so that the processes created above will succeed in being executed as required by stakeholders who may not have asked all appropriate questions during requirement inputting stages.