A product requirements document (PRD) template provides essential structure for defining what your product needs to accomplish and why. This template helps you clearly outline product purpose, features, release criteria, and timeline—ensuring everyone from developers to stakeholders stays aligned. When launching a complex software feature, this template prevents scope creep by documenting exactly what’s in and out of scope.
According to a study by the Standish Group, projects with clear, documented requirements are 3 times more likely to succeed than those without proper documentation. We created this template specifically to help you reduce miscommunication and increase your product development success rate.