This study aims to identify the effect of poorly written requirements specifications of software development and its continuous changes; on information systems' projects success and its influence on time and cost overrun of the project based on empirical understanding in practice. As the world is moving towards the internet of things and due to the dramatic increase in demand on complex information systems projects, the development of information systems became more difficult and handling the customers' requirements became very challenging. This research follows a conclusive design, Using a descriptive research design was held first to reveal and discover the characteristics of a good requirement, and then a quantitative method was used through conducting questionnaire and distributing to more than 400 participants in the software industry in Egypt, to understand the relationship between variables and how to improve the quality of data based on real world observations or experiment. The data collected was analyzed using python and R analysis techniques. The results indicates that, the organizations with the highest quality of requirements and less requirement volatility, have higher software success rates in terms of Project's efficiency as well as Business and direct organizational success, while the requirements volume doesn't have significant effect on success rates. From this analysis we developed an initial model.