Purpose of prioritization of requirement is to rank requirements in the order of relative importance to stakeholders.Group of answer choicesTrueFalse

True.

Here's a step-by-step explanation:

1. Prioritization of requirements is a critical step in the project management and product development process.

2. The purpose of this process is indeed to rank requirements in the order of their relative importance to stakeholders.

3. This is done because in any project, especially large and complex ones, there are usually more requirements than can be realistically implemented within the given constraints of time, budget, and resources.

4. By prioritizing requirements, project teams can focus on delivering the most valuable features first, ensuring that the most critical needs of the stakeholders are met.

5. This process also helps in managing scope, reducing project risk, and increasing stakeholder satisfaction.

6. Therefore, the statement is true - the purpose of prioritization of requirements is to rank requirements in the order of relative importance to stakeholders.