Requirements Gathering is the process of collecting and defining the needs and expectations of stakeholders for a project. This step is crucial in ensuring that the final product meets the desired goals and functions effectively. It typically involves interviews, surveys, and workshops to gather input from users, clients, and team members. During Requirements Gathering, information is documented and analyzed to create a clear set of specifications. This documentation serves as a foundation for the project, guiding the design and development phases. Properly conducted requirements gathering helps to minimize misunderstandings and reduces the risk of project failure.