Scope is divided into two categories:
Product Scope
,is the features and functions that characterize a product, service, or result, and;
Project Scope
, is all the work needed to deliver a product, service, or result as defined in product scope.
Requirements specifies the capabilities, features or attributes of the project’s deliverables. Stakeholder needs, wants and wishes are analyzed to derive the requirements. Requirements are prioritized to determine which requirements will be included and excluded from the project.