Excellent and great description of Product requirement document.
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PDM PRESENTATION 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.