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In the PRINCE2 project management method, a product description (PDD) is a structured format that presents information about a project product. It is a management product (document), usually created by the project manager during the process of initiating a project in the initial stage of the PRINCE2 project management method.
The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
The PBS is identical in format to the work breakdown structure (WBS), but is a separate entity and is used at a different step in the planning process. The PBS precedes the WBS and focuses on cataloguing all the desired outputs (products) needed to achieve the goal of the project.
A product requirements document (PRD) is a document containing all the requirements for a certain product. It is written to allow people to understand what a product should do. A PRD should, however, generally avoid anticipating or defining how the product will do it in order to later allow interface designers and engineers to use their ...
Table 1: The activities within product structure modeling Activity Sub-Activity Description Define product components: Identify parts: Identifying parts is concerned with the so-called bill of materials. Thus the materials are described for each product. Output of this activity is a list of parts for each product. Specify sub-assemblies
A functional specification is the more technical response to a matching requirements document, e.g. the Product Requirements Document "PRD" [citation needed]. Thus it picks up the results of the requirements analysis stage. On more complex systems multiple levels of functional specifications will typically nest to each other, e.g. on the system ...