What process involves gathering and collecting requirements from stakeholders?

The process involving the gathering and collecting of requirements from stakeholders is known as requirements elicitation. This process is crucial in the field of business analysis as it focuses on engaging with stakeholders to understand their needs and expectations clearly. During requirements elicitation, analysts use various techniques such as interviews, surveys, workshops, and observation to extract detailed information about what stakeholders want or need from a project or initiative.

This process ensures that the requirements identified align with the goals of the project and adequately address the problems or opportunities identified. Successful elicitation leads to a well-defined set of requirements that guide the subsequent phases of project development.

In contrast to the correct answer, requirements confirmation focuses on validating and ensuring that the collected requirements are accurate and accepted by stakeholders, while requirements management deals with tracking, monitoring, and maintaining requirements throughout the project lifecycle. Stakeholder analysis, on the other hand, is about identifying and understanding the stakeholders involved and their influence on the project rather than the act of gathering requirements itself.