Product Requirements Document (PRD)

A Product Requirements Document (PRD) is a comprehensive document that outlines the necessary specifications and features for a product. It serves as a guide for development and helps ensure that the final product meets the desired needs and functionalities.‍

Why It Matters

The PRD is crucial in AI Product Management and Product Management as it provides a clear roadmap for development, ensuring all stakeholders are aligned. It impacts decision-making by offering a detailed understanding of the product's purpose and expectations. Its significance lies in enhancing processes, workflows, and team dynamics by serving as a reference that reduces misunderstandings.‍

How It’s Used

- In product roadmaps to define feature priorities and timelines.
- During sprints or team discussions to clarify features and expectations.
- As part of AI workflows or analyses for developing intelligent products.‍

Related Terms

- Product Roadmap
- Product Lifecycle Management (PLM)
- Product Differentiation‍

Additional Resources

- The Only Product Requirements Document (PRD) Template You Need
- How to Write a Product Requirements Document (PRD)
- Product Requirements Document: What Is It & How To Write It [With 7 Templates]

AI Product Management Context

Revo helps product managers by streamlining the PRD creation process, allowing for live collaboration and updates, which ensures that the document evolves with real-time input and remains relevant throughout the product lifecycle.