An exemplary system for electronically managing requirements for software development includes a projects module, a requirements module, a mapping module and a verification module. The projects module is configured to establish a software development project. The requirements module is configured to define requirements for the project based on requirements information captured from a requirements source. For each requirement, the projects module is configured to associate source code developed for the requirement with the project or assign the requirement for development of source code. The mapping module is configured to map procedures identified in the source code to the defined requirements. The verification module is configured to verify the defined requirements based on results of one or more of analysis, code coverage measurements and unit testing performed on the mapped procedures.