Product Requirements Document (PRD) Template

This Product Requirements Document (PRD) template covers all essential aspects of product development, from Executive Summary to Technical Specifications. It provides a structured framework for detailing product features, requirements, user interface considerations, and success metrics, ensuring a detailed approach to product planning and documentation.

Benefits

Using this MS Word template for your next Product Requirements Document (PRD) offers several key benefits:

• It provides a structured framework, ensuring you cover all essential aspects of product planning.
• It saves time and effort by offering pre-formatted sections with explanatory text and sample material, allowing you to focus on content rather than document structure.
• This approach also promotes consistency across projects and teams, making it easier for stakeholders to navigate and understand your PRDs.

Additionally, MS Word’s collaborative features ensure you can edit, share, and version control your PRD throughout the product development lifecycle.

FAQs: Product Requirements Document (PRD)

The following section answers the most common frequently-asked-questions abouts product requirements documents.

Who uses a Product Requirements Document?

Product managers, developers, designers, and other stakeholders involved in product development use PRDs.

What is a Product Requirements Document (PRD)?

A PRD is a document that outlines the purpose, features, functionality, and specifications of a product to be developed.

What is the difference between a PRD and Software Requirements Specifications?

A PRD focuses on the product from a business and user perspective, while SRS is more technical and details how the software will be built.

When in the software development lifecycle is it created?

The PRD is typically created during the planning phase, before development begins.

Where is it created?

It’s usually created by the product manager, often in collaboration with other team members and stakeholders.

Why is it created?

PRDs are created to provide a clear, shared understanding of the product vision, goals, and requirements among all team members and stakeholders.

Table of Contents

The document includes the following chapters and sections. Each includes writing instructions on how to populate each section.

The Table of Contents is as follows:

1 Executive Summary

1.1 Purpose

1.2 Roles and Responsibilities

1.3 System Identification

2 Product Overview

2.1 Problem Statement

2.2 Product Vision

2.3 Target Audience

3 Product Features

3.1 Feature List

3.2 Feature Descriptions

3.3 Product Functions

3.4 User Stories

3.5 User Characteristics

4 Functional Requirements

4.1 Functional Requirement N

4.2 Functional Requirement N

4.3 Functional Requirement N

4.4 Transaction Processing

4.5 Regulatory Compliance

4.6 API Integration

4.7 Reporting and Analytics

5 Non-Functional Requirements

5.1 Performance

5.2 Security

5.3 Usability

5.4 Reliability

5.5 Scalability

5.6 Compliance

5.7 Maintainability

6 User Interface Design

6.1 Design Principles

6.2 Key Interface Elements

6.3 Responsive Design

6.4 Accessibility

6.5 Localization

6.6 Design System

6.7 User Testing

7 Technical Requirements

7.1 System Architecture

7.2 Backend Technologies

7.3 Frontend Technologies

7.4 AI and Machine Learning

7.5 API

7.6 Security

7.7 Monitoring and Logging

7.8 Integration Requirements

7.9 Scalability and Performance

7.10 Disaster Recovery and Backup

8 Dependencies

8.1 Technical Dependencies

8.2 External Dependencies

8.3 Regulatory Dependencies

8.4 Internal Dependencies

8.5 Business Dependencies

9 Constraints and Assumptions

9.1 Constraints

9.2 Assumptions

10 Timeline and Milestones

10.1 Project Phases

10.2 Key Milestones

11 Success Metrics

11.1 Business Metrics

11.2 User Experience Metrics

11.3 Security and Compliance Metrics

11.4 Customer Support Metrics

12 Acceptance Criteria

12.1 Real-Time Currency Conversion

12.2 Blockchain Transaction Ledger

12.3 AI-Powered Fraud Detection

12.4 User Interface

12.5 System Performance

12.6 Security and Compliance

13 Risks and Mitigation Strategies

13.1 Technical Risks

13.2 Market Risks

13.3 Regulatory Risks

13.4 Operational Risks

13.5 Financial Risks

13.6 Reputation Risks

14 Appendices

14.1 Appendix A: Detailed User Interface Designs

14.2 Appendix B: Technical Architecture Diagrams

14.3 Appendix C: Market Research

14.4 Appendix D: Regulatory Compliance Checklist

14.5 Appendix E: Detailed Project Timeline

14.6 Appendix F: Financial Projections

14.7 Appendix G: Risk Assessment Matrix

14.8 Appendix H: Glossary of Terms

14.9 Appendix I: References and Sources

14.10 Appendix A: Reference Documents

14.11 Appendix B: Glossary of Terms

14.12 Appendix C: Version History

15 How to Use This Template

15.1 Add Your Logo to the Cover Page

15.2 Add Your Logo to the Header

15.3 Update the Table of Contents

15.4 Add Notes

15.5 Add Warnings

15.6 Add Comments

15.7 Add Code Samples

Product Details

The Product Requirements Document (PRD) template pack includes the following files:

• 1 x MS Word document – Product Requirements Document
• 1 x MS Excel worksheet – Product Requirements Tracking

File Format

• MS Word .docx
• MS Excel.xlsx

Page Count

• MS Word document – 48 pages (including instructions to use the document)
• MS Excel worksheet – 2 sheets

Download Process

After you pay for the item, please wait a moment for the webpage to display the download link. Click this link to save the zip file to your computer. We’ll also send you an email containing the download link.