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What is a Product Backlog?

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A product backlog is a prioritized list of business requirements, non-functional requirements, bugs and knowledge acquisition activities. This is associated with agile project methodologies such as scrum. In this case, requirements are often referred to as user stories or features.
In common parlance, backlog implies a list of things that need to be done. However, according to agile methodologies it is perfectly normal for a product backlog to grow large with no expectation that it will ever be fully completed. A product backlog is a list of ideas for improving a product. As it's prioritized, the best ideas float to the top and are implemented in sprints. User stories that are low value or low quality tend to float to the bottom where they are never implemented.
Overview: Product Backlog
Type
Agile
Definition
A list of requirements, bug fixes and other activities for a product development team. Particularly associated with agile methodologies such as scrum.
Related Concepts
Sprint
Sprint Backlog

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