Product School

Your Product Specification Toolbox

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Carlos González De Villaumbrosia

Founder & CEO at Product School

August 01, 2024 - 8 min read

Updated: August 13, 2024- 8 min read

Writing and understanding product specifications is crucial for any successful project. These detailed documents serve as blueprints that guide the development of a product, ensuring that every requirement is met. 

When product managers get it right, everything runs smoothly. Developers, designers, and business departments use product specifications as their single source of truth. All meaningful work stems from there. 

However, when the document lacks clarity, efforts fall apart and team tension takes over. If there's an excess of back-and-forth messaging, impromptu meetings, and numerous comments within project management tools, it's likely that the issue lies within the product specification document.

If you’re a product manager, or even a designer or a software developer, knowing how to write clear and effective product specs can save time, reduce costs, and improve overall quality. Here’s how to do it the right way.

What is Product Specification?

A Product Specification, or Product Spec, is a detailed document that outlines all critical aspects, requirements, and characteristics of a product to-be-built. It offers comprehensive guidance for the development team and ensures the final product aligns with its intended purpose. 

This document typically includes detailed descriptions of the product’s features, functionalities, and design specifications. It also outlines the technical requirements, performance criteria, and user interface details. Upon reading the product specs, every stakeholder — not just developers or designers — should have a clear understanding of what is to be built. That is the definition of product specification right there.

By serving as a single source of truth, the product spec helps minimize common challenges and align team efforts. This streamlines the product management process, ultimately contributing to the delivery of a high-quality product.

Blog image: Blank Product Specification document

Roles and Responsibilities in Creating and Using Product Specifications

Knowing who is responsible for writing, contributing to, and using product specifications is essential. It helps you tailor the language, tone, and depth of information to suit the audience, ensuring the document is effective and serves its purpose. This clarity leads to better communication, improved collaboration, and a smoother development process, ultimately resulting in a high-quality product.

Who Writes Product Specifications?

  • Project Managers: In some organizations, project managers may take on the responsibility of writing product specs, especially in smaller teams where roles might overlap.

  • Business Analysts: These professionals can also write product specs, focusing on translating business requirements into detailed product requirements.

  • Technical Leads or Engineers: In highly technical projects, senior engineers or technical leads might draft the product specs to ensure all technical aspects are accurately captured.

  • Product Owners: Often responsible for refining the product backlog and requirements, they can also write product specs, especially in agile environments.

  • Product Specialists: These experts, who have deep knowledge of the product and its market, can contribute to writing detailed and accurate product specifications.

Contributors to the Creation of Product Specs

  • Designers: They contribute to the visual and user experience aspects of the product. Designers ensure Product Specs include design guidelines and wireframes.

  • Developers: Providing insights into technical feasibility and helping define technical requirements and constraints.

  • Quality Assurance (QA) Specialists: Ensuring that the Product Spec includes clear acceptance criteria and test cases to facilitate thorough testing.

  • Stakeholders: Including business stakeholders, customers, and end-users, who provide valuable input on the product requirements and expectations.

Positions That Rely on Product Specifications

  • Developers: Use the product spec to understand what needs to be built, including detailed requirements and technical constraints.

  • Designers: Refer to the product spec for design guidelines, user flows, and interface requirements.

  • QA Specialists: Rely on the product spec to develop test plans and ensure that the final product meets the specified requirements.

  • Project Managers: Use the product spec to plan and manage the project timeline, resources, and deliverables.

  • Marketing and Sales Teams: Refer to the product spec to understand the product's features and benefits, helping them create marketing materials and sales strategies.

Key Components of a Solid Product Specification Document

Overview and Objectives

The overview and objectives section should be clear and concise. It should provide a straightforward summary that anyone can understand. Clearly explain the purpose of the product and the problem it aims to solve. Define specific goals and objectives that are measurable and realistic, ensuring that everyone involved has a unified understanding of the product vision.

Instructions:

  • Start with a brief introduction: Summarize what the product is and its primary purpose.

  • State the problem: Explain the problem the product will solve and why it is important.

  • List goals and objectives: Outline the main goals and objectives, using bullet points for clarity. Ensure these goals are specific, measurable, attainable, relevant, and time-bound (SMART).

Business Case

The business case provides a justification for the product, detailing the financial, strategic, and operational benefits. It helps stakeholders understand the value and potential return on investment.

Explain the product's market opportunity, target audience, and competitive landscape. Include financial projections, such as expected costs, revenue, and profitability. Ensure that the business case aligns with the company’s overall strategy and goals.

Instructions:

  • Define the market opportunity: Describe the market need and potential size.

  • Target audience: Identify who will use the product and why.

  • Competitive analysis: Discuss competitors and how your product will differentiate.

  • Financial projections: Include estimates of costs, revenue, and profitability.

  • Strategic alignment: Explain how the product fits with the company’s broader strategy.

Features and Functionalities

Provide detailed descriptions of each feature, explaining how it should work and the value it brings to the user. It’s a good idea to start with feature analysis prior to this step. Use Agile user stories to describe features from the end-user's perspective. Prioritize features based on their importance and impact, categorizing them as must-have, should-have, and nice-to-have.

Instructions:

  • List each feature: Start with a title for the feature and a brief description.

  • Add user stories: Write user stories for each feature. For example, "As a [type of user], I want to [do something] so that [benefit]."

  • Provide details: Include detailed descriptions, workflows, and any relevant diagrams or wireframes.

  • Prioritize: Clearly indicate the priority of each feature using labels or categories.

Product Feature Analysis Template

Understand how your Product’s features stack up to the competition. Identify core features needed to compete against industry-standard products. Then go above and beyond!

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Card: Product Feature Analysis Template

Technical Requirements

Ensure all technical aspects of the product are covered, including hardware, software, and performance requirements. Use specific and measurable terms to avoid ambiguity and ensure the technical requirements are realistic and feasible given the project constraints.

Instructions:

  • Outline technology stack: List the technologies, frameworks, and tools that will be used.

  • Define performance requirements: Specify performance criteria such as speed, scalability, and reliability.

  • Include constraints: Mention any technical constraints or limitations that need to be considered.

  • Detail integration points: Describe how the product will integrate with other systems or services.

User Interface (UI) and User Experience (UX)

Focus on creating a user-centric design that is intuitive and easy to use. Maintain consistency in design to enhance usability and provide detailed wireframes and mockups to visualize the product.

Instructions:

  • Include wireframes: Attach wireframes or sketches that outline the main screens and user flows.

  • Describe user interactions: Explain how users will interact with the product, including navigation and key interactions.

  • Highlight design principles: Mention design principles or guidelines that must be followed.

  • Usability considerations: Address any usability concerns or requirements to ensure a good user experience.

Acceptance Criteria

Define acceptance criteria that are clear and testable, ensuring each criterion can be easily verified. Make sure the criteria align with the product goals and objectives and cover all aspects of the product, including functionality, performance, and usability.

Instructions:

  • List criteria: Create a checklist of acceptance criteria for each feature or requirement.

  • Make criteria specific: Ensure each criterion is specific and can be tested objectively.

  • Include examples: Provide examples of what successful completion looks like.

  • Review and approve: Have stakeholders review and approve the acceptance criteria to ensure alignment.

Dependencies and Assumptions

Clearly identify any external dependencies that could impact the project and document any assumptions made during the planning process that could affect the outcome. Consider potential risks associated with dependencies and assumptions and outline mitigation strategies.

Instructions:

  • List dependencies: Identify all external dependencies, such as third-party services, teams, or resources.

  • Document assumptions: Clearly state any assumptions made, such as expected performance, user behavior, or market conditions.

  • Assess risks: Evaluate potential risks related to dependencies and assumptions, and propose mitigation plans.

  • Monitor and review: Regularly review dependencies and assumptions throughout the project to ensure they remain valid.

By following these best practices and instructions for each component, you can create a comprehensive and effective product specification that will guide your team through the development process and help ensure the success of your product.

Product Specification Example 

In the example below, all details are covered, the detailed layout offers structured documentation, and the specific app example provides a clear overview tailored to a software product.

This example showcases a clean and professional product specification template designed to provide a comprehensive overview. It includes the product description, it's purpose or vision, design specs, acceptance criteria, and technical requirements. Additionally, it features a wireframe image for visual representation and a checklist for acceptance criteria.

Blog image: Product Specification example

Apply Scrutiny to Product Specs, Everyone Appreciates It!

Thinking about details and covering all crucial aspects is what makes product managers thrive. 

More importantly, it makes development teams much more productive and independent. It all starts with a product — if the fundamentals are frictionless, the company's ability to work at pace and penetrate markets with a broader product portfolio increases. 

Clear and comprehensive product specifications lower team frustrations, increase output capacity and ensure everyone is on the same page. By applying this level of scrutiny, you create a smoother development process and contribute to delivering products that meet user needs.

Download the PRD Template

Go from idea to action with this easy-to-use PRD template, our step-by-step guide to help you define your product's purpose, USPs, and GTM strategy.

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Card: PRD Template

Updated: August 13, 2024

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