Business Requirement Document

What is the Business Requirements Document (BRD) Template?

The Business Requirements Document (BRD) Template is a comprehensive framework used to outline the essential elements of a business project. It serves as a central document that captures the project's objectives, stakeholders, scope, constraints, and key deliverables. This template provides the project team and stakeholders with a clear understanding of the project's goals and the path to success, ensuring alignment and clarity across all involved parties. The BRD is a critical tool for planning, managing, and executing a project, helping avoid misunderstandings and ensuring all requirements are met.

How Does the Business Requirements Document Template Help?

1. Version Control for Accuracy

The template includes a Version Control section, ensuring that all changes to the document are tracked, and stakeholders can easily refer to different iterations. This guarantees that everyone is working from the same information.

2. Clear Project Roles and Contact Information

The Project Team section lists key team members and their roles, providing clear points of contact for specific queries. This ensures smooth communication and project management.

3. Executive Summary for Quick Overview

The Executive Summary provides a high-level overview of the project, including its goals, scope, and key deliverables. It’s a concise version of the document aimed at decision-makers who need a quick understanding of the project.

4. Structured Business Objectives and Financial Considerations

The template helps define Business Objectives using the SMART criteria, making goals specific, measurable, achievable, relevant, and time-bound. It also includes a section for Financial Statements to assess the project's financial impact.

5. Stakeholder Alignment and Dependencies

A dedicated section for Stakeholders ensures that every party involved in the project is clearly identified, along with their roles and any dependencies that may impact the project’s success.

6. Detailed Project Scope and Constraints

The Project Scope and Constraints sections help define what the project will and will not include, ensuring that all parties understand the boundaries and limitations, such as budget, time, and resources.

7. Execution Plan with Milestones and Technology Stack

The Execution section allows you to break down your project into Milestones and details on the Tech Stack that will be used. This structured approach provides clear visibility into the project's phases and technological requirements.

8. Measurable Release Criteria and Risks

The template also includes Release Criteria for tracking metrics and setting standards for functionality, usability, and performance. Additionally, a section for Risks ensures that potential challenges are documented along with mitigation plans.

How to Use This Template in Your Workflow

Step 1: Fill in Version Control‍

Track all document changes by filling out the version history with dates, names, and comments to ensure accuracy and clarity.

Step 2: Define the Project Team‍

List all key team members and their roles so that everyone knows who to contact for specific questions and tasks.

Step 3: Write the Executive Summary‍

After completing the document, summarise the entire project in the executive summary for stakeholders to quickly review.

Step 4: Outline the Background and Business Objectives‍

Clearly state the reasons for the project, its goals, and the opportunities it addresses. Use the SMART method to create business objectives.

Step 5: Identify Stakeholders and Their Dependencies

Ensure all stakeholders are listed and their dependencies are noted to manage workflow smoothly.

Step 6: Define the Project Scope and Constraints‍

Clearly state what will be included in the project, and any limitations, such as budget, time, or team bandwidth.

Step 7: Plan Execution with Milestones and Tech Stack‍

Outline key project milestones, and specify the technology stack that will be used for both development and deployment.

Step 8: List Release Criteria and Risks‍

Document the minimum requirements for release, and any associated risks with the project, including how you plan to mitigate them.