What artifact contains a prioritized list of project requirements in Scrum?

The Product Backlog is the artifact in Scrum that contains a prioritized list of project requirements. It serves as a dynamic repository for all the desired work on the project, including features, bug fixes, and other enhancements. This list is constantly updated and refined based on feedback, changing requirements, and the team's capacity to deliver against it.

Prioritization in the Product Backlog is crucial as it helps the Scrum Team focus on delivering the most valuable features first. The higher priority items are typically those that maximize business value and meet the needs of stakeholders. Additionally, the Product Owner is responsible for managing the Product Backlog, which includes ensuring that it is transparent, visible, and understood by the entire Scrum Team.

Understanding the significance of the Product Backlog helps the team maintain a clear focus on what needs to be accomplished, aligned with stakeholder expectations, and ensures a structured approach in delivering incremental value throughout the project lifecycle.