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| 1 | +> [The article](https://www.productcompass.pm/p/prd-template) you've linked to, "How to Write a Product Requirements Document? The Best PRD Template," by Paweł Huryn, provides a comprehensive guide on creating a Product Requirements Document (PRD). Here are the key points and insights from the article: |
| 2 | +> |
| 3 | +> 1. **Why We Need a PRD**: |
| 4 | +> |
| 5 | +> - The PRD is not about documenting "requirements" but rather about providing strategic context and focusing on outcomes. |
| 6 | +> - It's essential for larger initiatives that span over several weeks and need to be communicated effectively to stakeholders. |
| 7 | +> |
| 8 | +> 2. **What’s Inside a PRD**: |
| 9 | +> |
| 10 | +> - **Document Overview**: A brief summary for those who might not read the entire document. |
| 11 | +> - **Stakeholders**: Key individuals involved, such as the Product Manager, Design Lead, and Lead Engineer. |
| 12 | +> - **Communication Channels**: Links to Slack or Teams channels for interested parties. |
| 13 | +> - **Context**: Explanation of the initiative, why it's being built now, and any recent changes or possibilities. |
| 14 | +> - **Objective**: A clear, SMART (Specific, Measurable, Achievable, Relevant, Time-bound) objective that aligns with the product strategy. |
| 15 | +> - **Success Criteria**: How success will be measured. |
| 16 | +> - **Target Users**: Who the product is being built for and their needs. |
| 17 | +> - **Constraints**: Any limitations such as geographic, language, or regulatory factors. |
| 18 | +> - **Customer Jobs/Needs**: Focus areas for customer needs and how the product will address them. |
| 19 | +> - **Competitive Advantage**: How the product will solve problems better than competitors. |
| 20 | +> - **UX/Prototypes**: Overview of the user experience, including user flow diagrams and links to prototypes. |
| 21 | +> - **Key Features**: List of key features with brief descriptions. |
| 22 | +> - **Technology**: A high-level overview of the technology used, if relevant. |
| 23 | +> - **Assumptions**: Assumptions about value, usability, viability, and feasibility, and how they've been validated. |
| 24 | +> - **Risks**: Accepted risks and mitigation strategies. |
| 25 | +> - **Timeline**: An estimate of the duration and what might be included in the first version. |
| 26 | +> |
| 27 | +> 3. **When to Write a PRD**: |
| 28 | +> |
| 29 | +> - The PRD is an evolving workspace that aggregates key information and supports internal communication. It's particularly useful for documenting product discovery and facilitating alignment within the organization. |
| 30 | +> |
| 31 | +> 4. **Common Mistakes**: |
| 32 | +> |
| 33 | +> - Avoid the waterfall approach where detailed specifications are documented in a heavy, rigid manner. |
| 34 | +> - Keep the PRD concise and avoid overloading it with too much information. |
| 35 | +> - Remember that the PRD should support empowered teams, not hinder them with excessive process. |
| 36 | +> |
| 37 | +> 5. **PRD Templates**: |
| 38 | +> |
| 39 | +> - The article mentions that PRD templates are available in Notion and Google Docs, but the specific templates are locked for subscribers. |
| 40 | +> |
| 41 | +> 6. **Importance of Alignment**: |
| 42 | +> |
| 43 | +> - The PRD should help in aligning the team and stakeholders around a common understanding of the initiative, its objectives, and its expected outcomes. |
| 44 | +> |
| 45 | +> 7. **Inspiration from Reed Hastings**: |
| 46 | +> - The article references Reed Hastings' philosophy from his book "No Rules Rules," emphasizing the importance of giving employees freedom and avoiding overly rigid processes. |
| 47 | +> |
| 48 | +> The article emphasizes that the PRD should be a living document that evolves with the project, facilitating communication and alignment rather than serving as a static, detailed specification. It's a tool to support product discovery and implementation, not a constraint. |
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