A Product Requirements Document (PRD) is a crucial tool for product managers to outline the features, functionality, and specifications of a product that their team plans to build. It serves as the blueprint for the development team and ensures that all stakeholders are aligned on what the product should do in terms of features and how it will be built in terms of technicalities. To create an effective PRD, one must structure the document in a way that communicates the product's purpose, sets clear goals and success metrics, identifies target users, and prioritizes their needs. The PRD is also a living document that should be used as a focal point for feedback and collaboration, not just a template to be filled with the right information. Judgment and understanding of the purpose of each section will be more important than the template itself, focusing on driving desired outcomes for the product.