Embodiments of the present invention provide a method, system and computer program product for managing requirements planning in a collaborative computing environment. In one embodiment of the invention, a requirements planning management method can include identifying each approving stakeholder for a version of a requirement in a requirements plan, creating traceability links between each approving stakeholder and the version of the requirement, and notifying each approving stakeholder having a traceability link to the version of the requirement whenever a new version of the requirement is proposed by a stakeholder. The method also can include merging multiple versions of the requirement into a single document, displaying the single document to a viewing stakeholder, and marking up the single document to reflect differences between the single document and a most recent version of the requirement for the viewing stakeholder.