It is difficult to estimate how much effort should be put into the initial PRD, because its steps can be variable in time to be completed. To get an estimate, the number of pages and time per page must be assumed which is highly variable. However, if you assume each page takes about 15 minutes to write, it could be estimated that 1. would require one to two pages, taking about 30 minutes. 2. depends on how much market research you wish to review. If you read 10 reports on the market and each is about 10 pages long and each page takes you two minutes to read on average, it would take 200 minutes to complete the reading. If you wrote a report on that, a 3 page report would take you approximately 45 minutes. For 3, a 4 user persona guide with 1 page for each persona would take one hour. For 4., a one page list of requirements would take 15 minutes. For 5. a 3 page user story section would take 45 minutes. For 6. A 2 page technical requirements page would take 30 minutes. For 7. a one page design constraints page would take you 15 minutes. For 8, a one page design criteria would take 15 minutes. For 9. a 2 page appendices would take 30 minutes. In reality these numbers contain too many assumptions to be usable, however this can give you a basic estimate of how long it may take under optimal conditions with the above assumptions. To get a more reliable estimate, it would be helpful to compare how long your previous project of a similar nature took, or how long a coworker who did a project of a similar nature took. This will also allow you to see what might cause problems in the future for your attempt to write the PRD and help you complete it faster.
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