Using the 'Requirements and Bug Management' template can bring numerous benefits to your project management process:

- Streamlined Process: This template provides a structured way to manage project requirements and bugs, eliminating the chaos of unorganized data and making your process more efficient.

- Improved Communication: With all the information centralized in one place, it's easier for team members to stay updated on the project status, leading to improved communication and collaboration.

- Better Decision Making: By providing a clear overview of project requirements and bug status, this template enables project managers to make informed decisions, helping to keep the project on track.

- Time-Saving: Instead of wasting time searching for information in different places, team members can quickly get the data they need from this template, saving valuable time that can be used on more important tasks.