Final answer:
An ordered list of user-centric requirements for a product is known as a product backlog, vital in agile development. Criteria and constraints guide the prioritization and selection of features within the backlog.
Step-by-step explanation:
The term for an ordered list of user-centric requirements that a team maintains for a product is called a product backlog. In agile software development, the product backlog is continuously updated to reflect changes in the needs of users and stakeholders.
The backlog items are prioritized based on factors such as value delivery, risk, and necessity, and help the team focus on building the most important features first.
Identifying criteria and constraints is crucial as it helps in determining which features or functions will be implemented. A constraint is a limitation or condition that the solution must comply with, while a criterion refers to a measurable attribute the solution should have. Both play a role in shaping the direction of the product's development.