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A document that financial service providers are obliged to offer retail clients before they open certain investment or savings products. It must outline the main characteristics of the financial service in a simple format, so the potential client can decide whether it is right for them.

Here are five steps to writing an effective PRD for a successful product release. Define the Purpose of the Product. ... Break the Purpose Down Into Features. ... Set the Goals For the Release Criteria. ... Determine the Timeline. ... Make Sure Stakeholders Review It.

A feature set can best be summarized as a written document that lists the specifications of a product. It includes the list of features that together make a product. On top of that list of features, you cover your design vision and the technologies that will be used to build the product.

Feature Files are used to write acceptance steps during automated testing. A Feature File is a common file containing the feature description, scenarios, and steps for testing a feature. A Feature File functions as an entry point for writing tests and is used as a live document when performing testing.

Explain the purpose of a feature or scenario. The opening statement of a feature file should talk about the purpose of that feature. ... Document complex business rules. ... Document important decisions about scope. ... Explain the structure of the examples. ... Avoid repeating the data. ... Predict questions about the examples and answer them.

When properly executed, the process of documenting necessary information for a new product feature will help Product Managers to discover and define: The what, why, how, when, and who of a feature.

Feature lists are the blueprint of your website or app, entailing everything the platform must be able to do. To build a feature list, project teams need to perform feature prioritization, the process of ranking a platform's functionalities by importance.

Explain the purpose of a feature or scenario. The opening statement of a feature file should talk about the purpose of that feature. ... Document complex business rules. ... Document important decisions about scope. ... Explain the structure of the examples. ... Avoid repeating the data. ... Predict questions about the examples and answer them.