Project specifications are detailed documents that outline the requirements and expectations for a specific project. They serve as a guide for all stakeholders, including project managers, developers, and clients, ensuring everyone understands the project's goals, scope, and deliverables. Specifications typically include information about timelines, budgets, and quality standards. These documents help prevent misunderstandings and scope creep by clearly defining what is included and what is not. By establishing a common understanding, project specifications facilitate effective communication and collaboration among team members, ultimately leading to a more successful project outcome.