Define the term 'requirement' as per BABOK v3.

In the context of BABOK v3, the term 'requirement' is defined as a condition or capability that a stakeholder needs to solve a problem or achieve an objective. This definition emphasizes the role of requirements in driving solutions that address specific challenges or fulfill particular needs of stakeholders. Requirements are critical as they serve as the foundation for solutions, guiding the development and ensuring that the final deliverable meets the expectations and needs of those involved.

The focus on requirements highlights their importance in business analysis, as they represent the expectations and desires of stakeholders regarding what a project or initiative should accomplish. This clarity around requirements helps ensure that solutions are relevant and effective in addressing the issues at hand.

Understanding requirements is vital for business analysts, as they must elicit, analyze, validate, and manage these requirements throughout the project lifecycle. The other choices do not capture the essence of what a requirement is defined as in BABOK v3, as they pertain to processes or techniques rather than the specific needs expressed by stakeholders.