8 Key Points in a Product Plan

Developing a great product is not an accident. It takes careful planning upfront in developing a Product Requirement Document (PRD).

A good PRD addresses 8 main points which are listed here. This document defines what the product will be, what problem it solves, when it will be ready and how much it will cost. There is no limitation on number of pages the document contain, but it could be comprehensive & concise.

The key to building a great product is to keep this PRD document true to its core intentions. This implies a lot of upfront work, but is absolutely essential for success. If the product is well planned, then only one can build a great product. Oftentimes, it makes sense to develop a user guide as part of the proposed solution – as this helps in developing the product. The amount of work that needs be done upfront is huge – but it aids in every step of product development. Some companies even go into great depths of defining each small step in the project plan with weekly timelines.

"One can achieve greatness with 10000 small steps!"