The Requirement Traceability Matrix is a tabular document that links the project or product requirements to their origin and traces them throughout the project lifecycle. The Requirement Traceability Matrix helps you to know what is responsible for what in a project.
Requirement Traceability Matrix link each requirement to the business and project objectives. This will help you to identify activities that are repeated as well as those activities that should not be part of the project in the first place.
It ensures that all approved requirements for a project are achieved at the end of the project.
Requirement Traceability Matrix also provides a way of managing changes to the project or product scope. You will be able to incorporate new scopes and see it to a logical conclusion.
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