Product Launch
Prepare your product launch with clearly documented strategies and plans.
Product Requirements
Last edited by: John Smith
Last edited on: today's date
Document history
| User | Date | Notes |
| John Smith | today's date | initial draft |
Objectives
describe the problem you're trying to solve, the background and the mission statement of the product.
Goals
Expected outcomes and key metrics for the product:
| Goal | Metric |
| e.g. improve user engagement | e.g. target bounce rate and page views |
Scope
what this document covers
Assumptions
List of technical and business assumptions:
- assumption #1
- assumption #2
Requirements
List of product requirements:
| Requirement | User story | Priority |
| e.g. optimized for mobile use | e.g. John is a sales rep and he need to access the tool on his mobile device. | e.g. High |
Details
details of the product specs, designs and mockups
use built-in draw.io to create diagrams or upload images
Schedule
Timeline and key milestones
use built-in draw.io to create timelines or gantt charts
Open questions
Questions that need further discussion:
- open question #1
Product Requirements Template
What is the Product Requirements Template?
A Product Requirements template includes the description of the problem, the proposed goals, the key timelines, and the success metrics. This type of template seeks to answer basic questions - why build the product, service, or feature, and what problem does it seek to solve.
AllAnswered Product Requirements template act as a roadmap throughout the product development process. The template provides all the details that the product development team and the designers must know. Thus, ensuring that whatever you are planning to launch is well-thought-out and has real value to offer.
Why Use a Product Requirements Template?
There are several benefits of using the product requirements template. For instance, the template helps in keeping the entire product team on the same page. It is quite easy for team members to have different ideas and understandings regarding a particular product. And if everyone in the development team keeps following their own thoughts, the end product can be a disaster.
Therefore, using the template ensures that the product requirements are well-documented, and everyone in the team knows what they are expected to work-on. Moreover, the template ensures that you have a detailed vision of your end product right from the get-go, thus helping the team throughout the development process.
In addition to this, the product requirements template also helps the product development team to understand their priorities. Based on the document, the team can determine where they should focus more to ensure a timely launch of the product.
How to Use a Product Requirements Template?
To make efficient use of the product requirements template, you can start by describing the overall problem that you are trying to solve. This objective behind the product development will provide your entire team with a clear understanding of the goal.
In the following section, you can list out the different goals that you expect to achieve from the product. Along with the goals, you can also define your success metrics to determine if they were achieved or not.
To make things simpler for the product development team, list out the various technical and business assumptions regarding the product. You can also define the requirements that you want your development team to work-on. You can define these requirements based on their priority levels as well.
The template can also be used to provide additional details, schedules, and crucial milestones achieved during the development cycle. And finally, you can list some open questions which require further discussion and brainstorming from the team members.
