Analysis the Requirements - RLL

"Analyzing requirements: determining whether the stated requirements are clear, complete, consistent and unambiguous, and resolving any apparent conflicts."

"Requirements analysis is critical to the success of a systems or software project. The Requirements should be documented, actionable, measurable, testable, traceable, related to identified business needs or opportunities, and defined to a level of detail sufficient for system design."

Source: wikipedia.com

In this task, you have to analysis the requirements to find or determine whether the requirements are clear and feasible and can be implemented properly.
You have to understand the requirements properly, then only you can implement it.
It's better to do some rough work to analyses the requirements like preparing Flow Chat, ERD(Entity Relationship Diagram), etc...

Once you are clear with the requirements, now you can go further for next task
i.e. Designing