A business requirement is a statement that defines a specific need or objective that a business must fulfill to achieve its goals. It outlines what the business needs to do, rather than how it should be done.
Why business requirements are important
Business requirements are important for a few reasons:
Alignment. They ensure that projects are aligned with overall business goals.
Clarity. They provide a clear understanding of what needs to be accomplished.
Prioritization. They help in prioritizing efforts and resources.
Measurement. They establish criteria for measuring project success.
Business requirements are usually gathered through stakeholder interviews and workshops. They are the base of more detailed technical requirements in software development and other projects.
Business Requirements Document (BRD)
A Business Requirements Document (BRD) is a formal paper that lists all the business needs for a project. It explains what the business wants to achieve and why.
The BRD includes things like project goals, what the project will and won't do, and what the business expects as a result. It helps everyone involved in the project understand what needs to be done.
Project managers use the BRD to plan the work, and development teams use it to know what to build. A good BRD helps keep the project on track and makes sure everyone is working towards the same goals.