

| Template Name | Advantages | Disadvantages |
| Outline Format (65K Word doc) |
Covers not just the product requirements, but all the basic areas of the business that are impacted by the product/feature. | May be challenging to cover all these areas in a single document. |
| Functional Format (39K Word doc) |
Helps break a large product into discrete chunks of functionality, which can make life easier for developers and QA. | Can be challenging to squeeze all functionality into this format. |
| Questionnaire Format (45K Word doc) |
If this product could potentially impact many different parts of a large organization or existing product base, this template ensures that all bases are covered. | If the required product or feature is small in scope, many sections of the template may be redundant. |