Final answer:
The document that captures how the analysis, documentation, and management of project needs are handled is the requirements management plan. It is essential for defining the problem, understanding project scope, and considering the project's constraints and resources.
Step-by-step explanation:
The document that outlines how project needs will be analyzed, documented, and managed is the requirements management plan. This plan is an integral part of project management, ensuring that all requirements are clearly understood, agreed upon, and appropriately tracked throughout the life of the project. It includes the process of defining the problem where the needs of potential customers and competitors are investigated, technological and regulatory constraints are identified, and available resources such as personnel, time, and money are determined. The goal is to establish a comprehensive understanding of the project scope and the constraints that will impact the design and development process. This careful planning helps in managing expectations and guides the project towards successful completion.