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The functional requirements document (FRD) is a formal statement of an applicationâs functional requirements. It serves the same purpose as a contract. The developers agree to provide the capabilities specified. The client agrees to find the product satisfactory if it provides the capabilities specified in the FRD.
Format: Checklist / Specifications/Procedures. The System Requirements Specification (SRS) document describes all data, functional and behavioral requirements of the software under production or development.