## Definition of Product Requirements Product requirements are a key component of the product development process, serving as a bridge between the needs of users and the capabilities of a product. A product requirement defines what a product should do, how it should behave, and what it should look like. It is a detailed description of the features, functionality, and performance that a product must have to meet the needs of its users and to be competitive in the market. Product requirements are developed by product managers, in collaboration with other stakeholders such as designers, engineers, and customers. They are based on [[Customer Research]], competitive analysis, and business goals, and they are used to guide the product development process from ideation to launch. The process of defining product requirements involves identifying [[customer needs]], [[Feature Prioritization Frameworks]], and creating a detailed that outlines the steps required to deliver a product that meets those needs. ## Types of Product Requirements Product requirements can be categorized into two types: - functional and non-functional. Functional requirements define what a product must do, such as its features, functions, and user interface. - Non-functional requirements define how a product must perform, such as its speed, reliability, and security. ## Product Requirements Documentation Product requirements are typically documented in a product requirements document (PRD), which serves as a blueprint for the product development process. A PRD includes detailed descriptions of the product's features, use cases, user stories, and acceptance criteria. It also outlines the technical requirements, such as hardware and software specifications, and any constraints that may impact the product's development. A well-defined set of product requirements is essential for creating a successful product that meets the needs of its users. It helps to align stakeholders around a shared vision, reduce the risk of scope creep, and ensure that the product is developed on time and within budget. However, product requirements are not static and may need to be revised as new information becomes available or as the product evolves over time. Product requirements are a critical component of the product development process. They define what a product should do, how it should behave, and what it should look like. Developing a well-defined set of product requirements is essential for creating a successful product that meets the needs of its users and is competitive in the market.