What role do the MRD and PRD play in managing change?

The MRD (Market Requirements Document) and PRD (Product Requirements Document) play a crucial role in managing change by establishing a plan of record for projects. This plan outlines the objectives, requirements, and expectations for a product or project, which serves as a reference point for all stakeholders involved. By providing clear guidelines, the MRD and PRD help in assessing the impact of any proposed changes against the original goals and requirements. This ensures that any adjustments made during the project are aligned with the strategic vision and stakeholder needs, promoting more effective change management.

Having a well-defined MRD and PRD enables the project team to maintain clarity and consistency throughout the project's lifecycle. When changes are proposed, these documents can be referred to, allowing stakeholders to make informed decisions about whether the changes are necessary, beneficial, or in line with the original project objectives. Moreover, they help mitigate scope creep and ensure that the project remains on track in meeting its targets.