This is the most asked yet important question that both clients and the product development companies should be aware of: Project requirement Document.
What is a Project Requirement Document?
A Project Requirement Doc is a written document that explains the details about the product/idea and various set of deliverables from a development company (or an internal team) along with the stipulated time period and various phases of the project.
If the Project requirement doc is clear, the product development process becomes almost hassle-free.
There are a number of sample project requirements documents available when you surf on the internet. But, here are top touchpoints that explain the various elements that are required from a web application/SaaS development company POV!
1: Purpose and mission of the product
Articulate your idea and write down the reasons why you chose to convert your idea into a product. This reasoning paves way for the development company to understand the idea better and figure out solutions, assign, and organize suitable development resources.
2: What does it solve (Unique Selling Proposition)
USP is probably the most used word in the SaaS and Web application domain. There are countless number of competition in the market doing the same thing or may be a small variation from the others. But, it is important to mention what makes you stand apart midst the crazy competition.
3: Customer Persona
Customer/User persona simply means the personality attributes/traits/behaviour. You may represent your average customer fictitiously and state the demographics associated with the character. This feeds a lot of clarity for the UI/UX department.
4: References / Wireframe (if you want a specific flow)
Wise men once said, there’s no innovation without inspiration. It is always helpful to both client and the company when the requirement is specific and not very vague. Sometimes, grabbing few reference links or mapping out a simple wireframe depicting the product flow can attribute a lot.
5: Functional & Non-functional requirements
It is vital to state the basic end user demands that are needed to be incorporated for the successful launch of an MVP or Minimum Viable Product as well as elaborate on the non-functional aspects such as reusability, scalability, security, portability and so on.
6: Potential Risks
Risks can be based on multiple factors (technology constraints, customer behavior, need etc). But, it is important to list down the foreseeable threats for the development company to beware and provide solutions if possible. An unclear explanation can cost a fortune.
7: Future phases
Web applications / SaaS / Digital products become successful only when they undergo multiple phases and versions based on user and multiple stakeholder’s feedback. It is important to define the MVP and then plan future phases. It saves time and cost largely.
8: Estimated Market launch
You don’t want to build a product forever, and not launch it. There is no such thing called “Perfect”. Just like people, products also evolve and keep getting better. So, It is important to fix a rational product launch date with MVP, while sending across the requirement doc.
Well, now you are well aware about the essential elements of a project requirement doc from a development company or a technology partner point of view. Why not prepare one and send it across to us? 😉
We’ll take care of the feasibility study when you contact us with a requirement document!
Why Alchem Digital?
Alchem Digital is one of the best SaaS development and web application development company in Chennai, with an array of websites, SaaS products and web applications built for clients across the globe using contemporary technologies.
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We have our office located in Chennai, India and Chicago, USA.
You can access the condensed version of this blog on our LinkedIn post.