5 Best Product Requirements Document Templates (Editor’s Pick) | Friday.app

5 Product Requirements Document Templates in Word & ClickUp

Last updated: July 25, 2023

Navigating the intricate world of product development is like embarking on an ambitious expedition. Just like explorers rely on a well-crafted roadmap to guide their journey, product development teams require a robust plan for success. Enter the product requirements document (PRD), a vital tool for product teams that serves as a compass, directing product teams back toward their desired destination of a successful product.

In this blog post, we’ll delve into the value of product requirements document templates. We’ll explore the key factors that make a good product requirements document template and introduce you to five outstanding templates that will revolutionize your product development work. These templates will serve as guideposts on your journey toward delivering exceptional products.

Discover how these templates can streamline your product development process, align your core team with your product strategy, and navigate the complexities of bringing a successful product to market.

5 Must-Try Product Requirements Document Templates

When it comes to product development, having the right tools at your disposal can make all the difference. That's why we've curated a collection of five must-try templates that are designed to streamline your development process and ensure product success.

Let's dive in and discover the perfect template for your next project! 

1. Product Requirements Document Template by ClickUp

The Product Requirements Doc Template is a living document that helps teams communicate efficiently during product development

The Product Requirements Doc Template by ClickUp is the perfect roadmap to guide you on your journey. Just as a trusty compass points north, this template helps your product manager stay on the right track. ClickUp's Product Requirements Document Template is an excellent starting point for beginners. This template serves as a blueprint, clearly outlining the features, functionality, and specifications of a product. It guides the development process and aligns stakeholders on the desired outcome.

A Product Requirements Doc (PRD) answers questions like who the stakeholders are for a project, what the project's goal is, when the project is due, and how your team is going to get it done.

PRDs aren't expected to be placed on a shelf to gather dust. Instead, you should always be updating the PRD to accommodate new information as you proceed which keeps everyone informed and in sync.

This is a great tool for your product, design, and engineering teams to stay in lockstep with each other and communicate clearly throughout a project.

Format your document to suit your needs, whether you're building a roadmap or a knowledge base. Organize your information with tables, nested pages, and styling options. Then, make it easy to find the information you need fast by embedding bookmarks to streamline your product strategy.

The template includes essential sections for defining the timeline, release schedule, goals, success metrics, product milestones, end-user personas or user stories, features, and release criteria.

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2. Product Requirements Template by ClickUp

The ClickUp Product Requirements Template makes it easy to track the what and why of every development decision your team makes while building a new product or feature

As you journey further into the wilderness of product development, this Product Requirements Template by ClickUp is your survival toolkit. It builds on the foundational principles established in the previous template, providing additional tools to help you document product decisions and build comprehensive release plans for complex products.

Use this template to keep communication lines open and consistent between everyone involved in a project. Decisions come fast and furious during product development, so this is a handy way to record what those decisions were, who was involved in the decision, and why the decision was made.

That historical information keeps teams from duplicating work as they build out release plans, or needlessly undoing features without understanding why those features were built in the first place.

This template comes packed with features such as time-tracking, dependency warnings, milestones, and custom fields. Teams can edit the document together at the same time, tag teammates with @mentions, convert messages into tasks, then assign those tasks to the right person.

ClickUp Product Requirements Template: List View

ClickUp's default List View is the best way to group tasks, sort information, and filter data fast! Every ClickUp plan offers unlimited List Views, so don't be shy about using them early and often.

Within List View, you can drag and drop text to convert it into tasks and subtasks. ClickUp's colorful lines connect between each level of your project, so you don't lose track of where each assignment lives within the project's hierarchy.

ClickUp Product Requirements Template: Board View

You can easily build a flexible Kanban system in ClickUp to visualize your product development project. Label and organize each column however you'd like, then group data together by status, priority, role, and more.

As your project changes, you can update tasks in bulk and change assignees without ever leaving your Board View.

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3. Project Management Requirements Template by ClickUp

The ClickUp Project Management Requirements Template makes sure your team doesn't miss anything they'll need to get started on their next project

Think of the Project Management Requirements Template by ClickUp as your jet pack in the realm of project management. Just as the previous template equipped you for the journey, this one propels you forward, providing a structured framework for project management information and facilitating the entire project lifecycle.

This beginner-friendly template helps with effective planning, communication, and execution throughout the project lifecycle. It'll also help you manage your resources and keep an eye on project controls. Access everything in one place by linking Docs and tasks together.

Add widgets to update workflows, change project statuses, assign tasks, and more—all within your editor. This template allows you to group, sort, and filter tasks, update tasks in bulk, and change task statuses swiftly.

It also lets you assign approvers and view the progress of each task through a handy percentage bar, keeping everyone updated on the current status and how close each task is to completion.

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4. Business Requirements Document Template by ClickUp

The ClickUp Business Requirements Document is the perfect way to outline every aspect of a business project before you begin

Your product development journey has been exciting so far. But it's now time to mean business. Enter the Business Requirements Document Template by ClickUp, a powerhouse tool designed to clearly outline the business side of a project and align all stakeholders on the team's knowledge needs and objectives.

This living document template includes space for you to tie the reason for this project directly back to the needs of your users and make sure you're meeting their expectations. Then, you can walk through any obstacles that might stand in your way as you charge forward on your mission to make the lives of your users better.

The ClickUp Business Requirements Document Template aids in outlining a business solution for a project. It captures and documents the specific needs and objectives of a business or organization when initiating a project or developing a new product or service.

This template ensures clear communication, alignment, and a comprehensive understanding of business goals and requirements among stakeholders and project teams.

This document covers an array of essential aspects including project objectives, project scope of work, business drivers, customer interviews, user stories, functional requirements, financial statements, stakeholders, schedules, deadlines, and cost-benefit analysis.

Now you have a one-stop solution for understanding and documenting the needs and expectations of users, the motivation for a solution, and any major roadblocks across your product features.

ClickUp makes it easy to keep all of that information centralized for easy access and quick searches. You can organize your assets to keep track of resources and build company wikis right into your Workspace.

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5. Microsoft Word PRD Template by SampleTemplates

Just like a seasoned explorer, you've successfully navigated the challenges of product development so far. Now it's time to take your expertise to the next level. The Microsoft Word Product Requirements Document Template by SampleTemplates is the best solution for a detailed tool, ensuring you leave no stone unturned in your quest for product excellence.

This Product Requirements Document Template by SampleTemplates is a comprehensive tool that helps people understand the purpose of a product, how it works, its functional requirements, technical purpose, and scope of uses, as well as constraints, assumptions, and dependencies.

The template serves as a reference guide for product development teams, stakeholders, product developers, and designers, ensuring a clear understanding and alignment on your user stories or the desired product outcome.

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What Makes a Good Product Requirements Document Template?

Here are the key aspects of a good product requirements document template:

  • Comprehensive: Covers all relevant aspects for a product development team
  • Ease of use: User-friendly and supports seamless updates
  • Effective communication: Facilitates clear communication among team members and stakeholders
  • Long-term planning and decision tracking: Provides a structured framework for documenting decisions and supports long-term planning
  • Transparency and accountability: Enhances transparency and accountability in the decision-making process by defining who is responsible for which parts of the process
  • Flexibility: Allows customization to fit project-specific needs

Product Requirements Templates FAQs

Below we've answered some of the common questions we've heard you ask about product requirements templates to sate your curiosity.

How do Product Requirements Templates Benefit Product Managers?

Product managers have to align stakeholders, capture product requirements, and communicate effectively with the product team. Product requirements templates provide valuable benefits that address these challenges and enhance the work of PMs.

Product requirements templates help product managers because they:

  • Streamline product requirement-gathering by offering a structured framework
  • Enhance clarity and communication by providing a standardized format for the development team
  • Facilitate stakeholder alignment through the clear visualization of product features and goals
  • Enable iterative refinement of requirements to adapt to evolving needs
  • Promote collaboration across teams and reduce miscommunication so everyone stays on the same page

A product requirements document (PRD) can also assist a product manager with the task management side of product management because they give everyone a single source of truth about the product. As a result, product managers can assign work to their product development team with greater efficiency and effectiveness.

What is a Product Requirements Document Template?

A well-crafted product requirements document template provides a predetermined structure that helps teams to effectively organize and align their efforts. It gives teams a shared understanding of the final product's features, functionalities, and specifications among other teams and multiple stakeholders.

The template acts as a framework for capturing essential information, such as user requirements, business objectives, technical and functional specifications, project timelines, and key milestones.

Schedule multiple projects, manage dependencies, and prioritize everything into your custom project timeline with the Gantt Chart view

By using detailed information and following the structure outlined in the template, teams can make informed decisions at each stage of the product development process. This structured approach not only enhances clarity but also reduces the risk of miscommunication or oversight.

A product requirements document template plays a pivotal role in driving efficiency. It provides a standardized format that promotes consistency, coherence, and shared objectives across the development team.

This consistency helps save time and effort, enabling teams to focus on core tasks and success metrics. A template streamlines workflows and fosters collaboration because it ensures that the entire team is aligned on the same path to success.

Is a market requirements document the same as a product requirements document?

No. While related, a market requirements document (MRD) and a product requirements document (PRD) serve different purposes in the product development process. An MRD focuses on capturing market needs, target audience analysis, and competitive landscape, providing a high-level view of market demand.

On the other hand, a PRD dives deeper into the specific features, functionalities, and technical requirements of the product. While both documents are essential, the PRD is more detailed and serves as a blueprint for product development, while the MRD provides strategic insights for aligning the product with market needs.

Can I use a Product Requirements Template within ClickUp for free?

Absolutely! ClickUp offers free access to its powerful product management software, which includes a variety of pre-built Product Requirements Templates. You can leverage these templates within ClickUp's platform at no cost, making it easy to streamline your product development process without any additional expenses.

Simply sign up for a free ClickUp account, explore the range of templates available, and start utilizing them to enhance your product management journey.

Can I customize a Product Requirements Template based on different product development methodologies?

Absolutely! Product Requirements Templates are designed to be adaptable to various product development methodologies, such as Agile, Waterfall, or hybrid approaches. You can customize the template to fit the specific needs and processes of your chosen waterfall development methodology, ensuring seamless integration and alignment with your preferred workflow.

Can Product Requirements Templates be used for iterative product development?

Yes! Product Requirements Templates are well-suited for iterative development approaches. They can be updated and revised throughout the product's lifecycle as new information is gathered and requirements evolve. This adaptability allows business and technical teams to continuously refine and improve the product based on their user testing and feedback, market insights, and changing business needs.

Are there limitations to using a Product Requirements Document Template?

While Product Requirements Document Templates are incredibly useful tools, they might have certain limitations depending on the platform used to manage them. Some platforms may not be able to store large volumes of data or might lack advanced features found in dedicated software like ClickUp.

Also, certain platforms may not provide automation tools or integrations with other systems, which could require you to manually import and export data between different platforms.

Are Product Requirements Templates suitable for both small and large-scale projects?

Yes, Product Requirements Templates are versatile and can be applied to projects of different sizes. Whether you are working on a small-scale project or a complex enterprise-level initiative, these templates provide a structured framework to capture, organize, and communicate the requirements, ensuring clarity and alignment across teams and other stakeholders throughout.

Will a product requirements document help me prepare for a product launch?

Absolutely! A product requirements document (PRD) plays a vital role in preparing for a successful product launch. By outlining the features, functionalities, and specifications of the product, the PRD serves as a comprehensive guide for the entire development process.

It helps align stakeholders, ensures clear communication among teams, and provides a roadmap to follow. To further streamline your product launch preparations, explore other templates for making action plans and communication designed to assist you in organizing and executing a seamless product launch.

Embarking on a New Era of Product Development with ClickUp

As we reach the end of our product development expedition, it's clear that the product vision journey is made far more navigable with a well-crafted product requirements document.

Like the trusty compass in an explorer's kit, these product requirements documents ensure the alignment of your team, keep your decisions well-documented, and (along with other documentation) ensure your product development journey stays on the trail of success. The templates we've explored, all available for free, are your essential toolkit to make this complex process more manageable and more effective.

Why not try out ClickUp— the trailblazer in the fields of project management, product management, product and engineering team-up, and task management—to witness how these templates can transform your product development journey? With improved communication, better alignment, and a more seamless process, you'll conquer the wilderness of product development.

It's time to chart a course toward a more efficient, productive future. Sign up now!

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