Verification is important because this ensures that the product meets the requirements for the design of the product. This is verified by executing a test plan to verify that it’s within the accepted tolerance described in the requirements document. Verification makes sure that the product would not cause any harmful side effects due to a faulty design. It can also show the problems with the design during the development phase so alteration for the product can be executed to correct the issue. And, as mentioned above, this can save the company money from recalls and possible lawsuits from affected customers; as well as saving the company’s reputation.