Assumptions are future situations beyond the control of the project,. It allows you to apply a ratings system to your requirements, so you have the visibility (into the value, status, and description of each requirement) that’s. The functional requirements document (frd) is a formal statement of a product's functional requirements. A user requirements document, written by the product manager, is centered around the end user’s needs and expectations for a product.it translates user requirements into. What is a functional requirements document?