Final answer:
According to Karl Wiegers and Joy Beatty, prioritization of software requirements is a dynamic and ongoing process, which means it evolves as the project progresses and must be continually reassessed.
Step-by-step explanation:
According to Karl Wiegers and Joy Beatty in Software Requirements 3rd Edition, prioritization of requirements is a dynamic and ongoing process. This characterization emphasizes that as a project progresses, the importance of various requirements can change. New information, changing business objectives, or shifts in market conditions can affect the relevance and priority of software requirements. Teams must remain flexible and responsive, continually reevaluating and adjusting the priorities to ensure that the most critical needs of the project stakeholders are met throughout the development life cycle.