Which of the following best describes 'requirements elicitation'?

Requirements elicitation is best described as the process of gathering information from stakeholders. This phase is critical in business analysis as it focuses on engaging stakeholders through various activities such as interviews, surveys, workshops, and observation to understand their needs, expectations, and challenges. The information gathered during this process forms the foundation for defining clear and actionable requirements, which ultimately guide the subsequent phases of a project.

This process is essential because it ensures that the voices of all relevant stakeholders are heard and considered, helping to minimize misunderstandings and unmet expectations later in the project. It is a collaborative effort that lays the groundwork for successful project outcomes by aligning the project's objectives with stakeholder needs.

The other options relate to different aspects of project management or business analysis but do not accurately characterize requirements elicitation. For instance, implementing solutions reflects a later stage in the project lifecycle after requirements have been established, documenting requirements is an important task but simply a subset of the broader process of elicitation, and evaluating project success pertains to measuring the outcomes and benefits after project completion, rather than the initial stage of requirement gathering.