product requirement document(prd)
DESCRIPTION
Excellent and great description of Product requirement document.TRANSCRIPT
- 1. PRD is the subsequent document of the company, which documents about upcoming product , updation of existing products and its features. The purpose of the product requirements document (PRD) is to clearly define the products purpose, features, functionality, and behavior. It should be written after MRD AND BRD , and before TRD. PRD Is most frequently used for the software products
- 2. COMPONENTS OF PRD Description of the product Expected use of the product Addressing the market problem Satisfy market need
- 3. WHY IS PRD REQUIRED It is designed to allow people within a company to understand what a product should do and how it should work. It can be used for any type of product. Such a document is typically the result of a requirements analysis. PRD is the product view of solution. Mr. Sumit Gupta Product Architect
- 4. PRODUCT REQUIREMENT DOCUMENT SAMPLE FOR SOFTWARE PRODUCTS Components Understand the market ,competitors and demographics Product Overview and Use Cases Demand and supply Functional Requirement Support Requirement Environment Requirement Interaction Requirement(software proper connectivity with operating systems)
- 5. STEPS TO PRODUCE A GOOD PRD Do Your Homework Define the Products Purpose Define the User Profiles, Goals and Tasks Define your Product Principles Identify and Question Your Assumptions Write It Down Prioritize
- 6. Common Mistakes that is common in PRD You Are Not Your Customer- common mistakes to assume that if you like your product, then your customers will like it too. Too Little Detail- It takes a lot of work and thought to fully specify the requirements of a product. But if areas are not covered, then bad things can happen. Too Much Detail- The reverse problem is also possible. The product manager decides to provide so much detail that the result is a specification so massive that the product team doesnt even read it.
- 7. TAKE AWAY POINTS During the process of defining the product, always focus on delivering superior value to the market place. To define a good product, always remember to focus on the value.