Creating a Product Requirements Document (PRD) is a crucial step in the product development process. Factory can help you organize ideas, generate detailed requirements, and ensure clarity and completeness in your PRDs. This guide will walk you through the process of using Factory to build effective PRDs.

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Getting Started

Before diving into PRD creation with Factory, ensure you have:
  1. Access to Factory
  2. A clear understanding of your product vision and goals
  3. Any existing product documentation or notes
If you’re new to Factory, check out our Quickstart Guide to set up your environment.

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PRD Creation Workflow

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1. Define Product Vision and Scope

Start by outlining the high-level vision and scope of your product:
1

Product Vision

Ask Factory to help articulate your product vision:“Can you help me craft a concise product vision statement for our new mobile banking app? The key goals are security, ease of use, and personalized financial insights.”
2

Target Audience

Define your target audience:“Based on our product vision, can you help me describe our primary target audience and their key characteristics?”
3

Scope Definition

Clarify the scope of your product:“Let’s define the scope for our mobile banking app. What core features should be included in the MVP (Minimum Viable Product), and what should be considered for future releases?“

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2. Generate Detailed Requirements

Use Factory to break down high-level goals into detailed requirements:

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3. Define Acceptance Criteria

Leverage Factory to create clear, testable acceptance criteria:
1

Feature-Level Criteria

Ask for acceptance criteria for specific features:“Please provide acceptance criteria for the ‘transfer funds’ feature in our mobile banking app.”
2

User Story Criteria

Request acceptance criteria for user stories:“For the ‘view account balance’ user story, what would be appropriate acceptance criteria?”
3

Review and Refine

Iterate on the generated criteria:“The acceptance criteria look good, but can we add a specific criterion about response time for balance inquiries?“

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4. Create Mockups and Wireframes

While Factory can’t create visual designs, it can help describe and plan them:

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5. Prioritize Features

Use Factory to help prioritize features and requirements:
1

Prioritization Criteria

Define prioritization criteria:“What criteria should we consider when prioritizing features for our mobile banking app MVP?”
2

Feature Ranking

Ask Factory to rank features:“Based on our prioritization criteria, can you rank the top 5 features for our MVP in order of importance?”
3

Roadmap Planning

Request help with roadmap planning:“Can you suggest a high-level product roadmap for the first three releases of our mobile banking app, based on our prioritized features?“

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6. Document Assumptions and Constraints

Capture important assumptions and constraints:

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7. Compile and Format the PRD

Use Factory to help structure and format your PRD:
1

PRD Template

Request a PRD template:“Can you provide a comprehensive template for our mobile banking app PRD, including all the sections we’ve discussed?”
2

Content Organization

Ask for help organizing the content:“Based on the information we’ve gathered, can you help me organize it into a logical structure within the PRD template?”
3

Executive Summary

Request an executive summary:“Can you draft an executive summary for our mobile banking app PRD, highlighting the key points from each section?”

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Best Practices for Building PRDs with Factory

  1. Start with Clear Objectives: Define your product goals clearly before diving into detailed requirements.
  2. Use Iterative Approach: Build your PRD iteratively, starting with high-level concepts and gradually adding details.
  3. Maintain Consistency: Use Factory to ensure consistent terminology and formatting throughout your PRD.
  4. Encourage Collaboration: Share Factory-generated content with stakeholders for feedback and refinement.
  5. Balance Detail and Clarity: Strive for comprehensive coverage without overwhelming readers. Use Factory to help strike this balance.
  6. Link to Other Documents: Ask Factory how to effectively link your PRD to other relevant documents or resources.
  7. Regular Updates: Use Factory to help keep your PRD up-to-date as your product evolves.

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Learn About Managing Context

Understand how to effectively manage context in Factory for complex documents like PRDs