Which of the following statements best describes the value of maintaining traceability in software testing?

Traceability helps to identify the root cause of defects and improve the quality of the software product.

Traceability helps to monitor project progress and assess the coverage.

Traceability of test results to risks and residual expenditure helps evaluate requirements coverage.

Traceability helps to identify the root causes of failures and to set priorities for retest and regression testing.