What are the Product Requirements?
Product requirements are high-level statements that define what a product should do or achieve. They describe the features, functions, and capabilities that a product must possess to meet the needs of its target users or stakeholders. Product requirements serve as the foundation for the entire product development process, guiding the team’s efforts and ensuring that the final product aligns with the intended goals and objectives.
Product requirements typically answer the question, “What should the product do?” They focus on the desired outcomes, user needs, and business objectives rather than the specific technical details or implementation methods. These requirements can be derived from various sources.
Such as:
- Customer feedback
- Market research
- Stakeholder interviews
- Competitive analysis
Examples of product requirements might include statements like:
"The product should allow users to securely store and retrieve their personal data."
"The product should provide real-time tracking of orders and shipments."
Difference between Product Requirements and Product Specifications
In the world of product development, two crucial concepts often get confused product requirements and product specifications. While both play essential roles in the product development process, they serve distinct purposes and have different implications. Understanding the difference between these two is critical for effective product planning, design, and successful execution.
Contact Us