Table of contents:-
What is a Product Requirements Document?
A Product Requirements Document (PRD) defines the detailed outline of a product, its requirements, purpose, features, functionalities, etc.
In simpler terms, a PRD is written to allow people to understand what your product is intended to do.
The PRD serves as a reference for all the future documents in the release and even acts as a record for all the features required in the product.
Q: Why is a PRD required?
A: A Product Requirements Documents essentially outlines the whole purpose of your product, the target audience for your product, how to use it, and many other intricate details regarding the same. Having a good PRD beforehand can act as a good starting point for any product.
Q: What is the difference between Market Requirements Document(MRD) and Product Requirements Document(PRD)?
A: MRD describes the opportunities and the requirements in the current market whereas a PRD is related much more to the product, its purpose, requirements, and essentials.