What planning method should be used according to Business Analysis Governance standards for managing requirements approval?

The Requirements Approval Method is a structured approach that outlines how requirements will be reviewed, approved, and accepted within a project or organization. This method is crucial in ensuring that there is a clear and documented process for stakeholders to validate and approve requirements before they move forward.

Having a defined Requirements Approval Method aligns with Business Analysis Governance standards, as it helps establish accountability and transparency in the requirements management process. It ensures that all stakeholders are aware of their roles and responsibilities regarding approval and that there are established criteria for evaluating the requirements.

Additionally, this method minimizes the risk of misunderstandings and miscommunication among stakeholders, facilitating smoother project execution. By using a systematic method to gain approvals, a business analyst can maintain project momentum and reduce the likelihood of delays caused by ambiguous or unapproved requirements.

In contrast, while a Requirements Traceability Matrix helps track requirements throughout the project lifecycle, and Stakeholder Analysis aids in identifying key stakeholders and their interests, these tools do not specifically address the process of approving requirements. Similarly, a Change Control Process focuses on managing changes to already approved requirements rather than the initial approval itself. Hence, the Requirements Approval Method emerges as the most relevant planning method in this context.