A product requirements document sets out what a product or feature should do, for whom, and why, together with the constraints it must respect and the criteria by which success will be judged. It predates iterative development and is frequently dismissed as an artifact of sequential delivery, but the underlying need it serves has not disappeared: substantial work still requires a shared, written account of intent.
The objection to the format is really an objection to how it was used. A document specifying every detail in advance, signed off, and treated as fixed for a year is incompatible with learning, and its failure was well established. A document stating the problem, the users, the intended outcomes, and the constraints, while leaving solution detail to be worked out as understanding improves, serves a different function and remains valuable.
The most useful sections are the ones describing the problem rather than the solution. Who has this problem, what evidence establishes that they do, what they currently do instead, what outcome would constitute success, and what is deliberately out of scope. A document that opens with a feature list has skipped the reasoning that would allow anyone to evaluate whether the features are the right ones.
Constraints deserve explicit statement because they are where most late surprises originate. Regulatory obligations, security requirements, accessibility standards, performance expectations, supported platforms, integration dependencies, and operational limits all shape what can be built, and discovering them during implementation is expensive. Recording them at the outset is cheap and prevents a category of rework that is entirely avoidable.
Success criteria are the section most often omitted and the one that determines whether the investment can ever be assessed. Stating in advance what measurable change the work is expected to produce, over what period, converts a feature into a testable proposition and allows the organization to learn from outcomes. Documents that describe what will be built without stating what it is expected to achieve make post-implementation evaluation impossible.
The document should be treated as living rather than as a signed agreement. Understanding improves during delivery, evidence arrives, and constraints change, and a document that is not updated becomes a historical record contradicted by the product. Maintaining it as the current statement of intent, with material changes visible, keeps it useful to the people joining the work later who need to understand why decisions were made.
Open questions deserve their own section rather than being omitted for the sake of appearing decisive. Recording what is not yet known, who will resolve it, and by when converts uncertainty from a hidden risk into tracked work, and it prevents the common situation in which an unresolved question is discovered during implementation by someone who assumed it had been settled.
Length is inversely related to usefulness beyond a certain point. A document nobody reads because it runs to forty pages has failed regardless of its completeness, and the discipline of stating the problem, the users, the outcomes, the constraints, and the open questions concisely produces something that is actually consulted. Detail belongs in the artifacts that need it, including designs, acceptance criteria, and technical specifications, rather than being consolidated into one unread document.
Because the document's value lies in establishing shared understanding across functions that will otherwise proceed on different assumptions, it needs contributions beyond product management. In practice it is produced within a product studio engagement with the problem evidence supplied by product research, the constraints confirmed by product development, and the success criteria agreed with data analytics so that they can actually be measured after launch.