This Business Requirements Document (BRD) is a comprehensive guide that outlines the goals, scope, and requirements of a project. The document is divided into several sections, each with its own specific focus.
The first section of the document is the executive summary, which provides a high-level overview of the project's goals, timeline, budget, stakeholders, and expected outcomes. The executive summary is designed to be easily understood by both technical and non-technical readers.
The background section of the document is designed to provide relevant context for the project. It is important to be clear and concise in this section, highlighting key problems and opportunities, and using visuals if appropriate. The language, formatting, and style should be consistent throughout the document to help stakeholders easily follow the information and understand its relevance.
The business objectives section of the document outlines the specific goals of the project, which should be defined using the SMART criteria. Each objective should be specific, measurable, achievable, relevant, and time-bound. The document includes three objectives: increasing user acquisition, improving user retention, and expanding product offerings.
The financial statements section of the document plays a crucial role in measuring the success and impact of the project on a company's financial health. These statements provide information on the company's financial position, performance, and cash flows over a specified period of time. It is important to understand the impact of the project on the company's finances.
The stakeholders section of the document identifies the individuals or groups who have a vested interest in the success of the project and are affected by its outcome. The document categorizes stakeholders as business stakeholders, customers, project team members, and investors.
The project scope section of the document outlines what will be included and what will not be included in the project. This section is important to ensure that everyone involved in the project has a clear understanding of its scope.
The constraints section of the document highlights any limitations that need to be considered when building the product. This could include budget, time, or team bandwidth constraints.
The assumptions section of the document outlines anticipated events that would occur during the course of the project.
The dependencies section of the document identifies what else must be true in order to complete the project successfully. This section is important to ensure that all necessary resources are available.
The execution section of the document outlines the milestones, mocks/design/user flows, tech stack, and other requirements needed to achieve the project objectives.
The release criteria section of the document lists the metrics being tracked and the desired value/trend for each metric. It also lists the minimum feature set, usability threshold, and performance requirement for release.
The out-of-scope section of the document lists anything that is not included in the project's scope.
The risks section of the document identifies any risks associated with the project and potential mitigation strategies.
Finally, the team feedback/queries section of the document provides a space for the project team to ask questions or provide feedback about the document.
Overall, this BRD is a useful tool for ensuring that everyone involved in the project has a clear understanding of its goals, scope, and requirements.
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