You can download these 18 Free Business Requirements Document Templates from the links bellow.
For companies and organizations, it’s a routine matter of expansion, adding new partners, joining another business for a project or accepting a sole project from a client or customer. In order to fully understand all the important aspects of a project or a new business venture, multiple types of documents are prepared. Some of these documents are known as business plan, project scope, business needs and finally the business requirement documents.
Each of these documents is similar in a way but serves completely different requirements. A business requirements document usually includes the expectations of customer from the project, understanding of the company regarding the project execution, required resources and manpower for the completion and duration to finish.
Guidelines for preparing business requirements document:
Create Executive Summary:
Although the executive summary is written at the top of the document, it’s often created once the entire document is completed and the author or producer fully understands all aspects of the project. This is a short introduction of the project along with the needs, requirements and scope of the project.
Understand the Key Objectives:
This part includes the objectives and goals that the company wants to achieve with the completion of the project. Keep in mind that this portion should be very precise and small and the added objectives should be precise, measurable, specific and realistic.
Explain Background and need of the Project:
This part of a business requirements document is often overlooked and most people don’t consider it as important as other elements but in reality, you should equally focus on this part as well. This is the portion where you explain the background of the project along with a short introduction of why the company needed to accept the project in the first place and what gap in the current market the project will fill.
Describe Project’s Scope:
This is a detailed portion of each and every detail of the project. Starting with the client or customer and what he wishes to see in the end product and the expectations he has with the final delivery. This part should also include how the company is going to start the project, how each important milestone will be achieved and what end product will be created at the end.
Prepare Financial Statement:
It’s not a secret that even if a project is profitable, in the beginning while execution, company has to invest money in it. This means when a project is started, company doesn’t immediately starts getting revenues or profits and investment or money is required until the project is finished. This should be included in form of financial statement within the business requirements document to indicate how much money the project is going to cost, where the budget will come from and how much profit the company is expecting to make after completion.
Include SWOT Analysis:
A smart business requirements document is considered incomplete without SWOT analysis. This analysis of internal strengths and weaknesses as well as outside opportunities and threads is essential especially if you are looking for investors or new partners to source funding for the project. If your BRD includes this SWOT analysis, it indicates that you fully understand all the risks involved in completion of the project and you are fully aware of your own strengths and weaknesses.
Project’s Manpower Requirements:
This portion includes general information about the manpower requirements of the project. Most commonly, it should include the overall requirement of employees or project members including supervisors, managers and executives and middle management and most important is the manual labor or workers who will actually execute all the processes. This part should also indicate when each of the team members will be hired and if in fact new recruitment will be done or staff members will be shifted from other departments within the organization.
Duration and Timeline of Completion:
A smart project manager always divides a project into smaller phases so it’s easier to evaluate the progress and direction of the project. In the business requirements document, the timeline of completion of each phase or milestone should be added along with the required duration to complete the entire project and the date on which the project will begin.
Include Assumptions:
Mostly at the end of the project, there are disputes between project team members and company executives and the clients simply because the client expected something different out of the project or he didn’t explain what he wishes to see in the end product clearly in the beginning. This part includes the expected results, wishes and expectations of client, higher management and team members regarding a project.
Cost and Benefit Analysis:
The last but not the least part of the business requirements document includes a detailed list of all the costs involved in the execution of the project along with the expected and close to reality benefits and profit that the company will gain after completion. Unlike financial statement, this is more of a list of all the expenses that are required for the project along with the areas where company can save some resources with smart planning.
Free Business Requirements Document Templates
You can download these 18 Free Business Requirements Document Templates from the links bellow.
You can download Professional Free Business Requirements Document 01 from the link below.
You can download Free Business Requirements Document 02 from the links bellow.
You can download Professional Free Website Business Requirements Document Template 03 from the link below.
You can download Free Business Requirements Document Sample 04 from the links bellow.
You can download Professional Free Business Requirements Document Template 05 from the link below.
You can download Free Business Requirements Document Sample 06 from the links bellow.
You can download Professional Free Business Requirements Document Template 07 from the link below.
You can download Free Business Requirements Document Sample 08 from the links bellow.
You can download Professional Free Business Requirements Document Template 09 from the link below.
You can download Professional Free Business Requirements Document Template 10 from the link below.
You can download Free Business Requirements Document Sample 11 from the links bellow.
You can download Professional Free Business Requirements Document Template 12 from the link below.
You can download Professional Free Business Requirements Document Template 13 from the link below.
You can download Free Business Requirements Document Sample 14 from the links bellow.
You can download Professional Free Business Requirements Document Template 15 from the link below.
You can download Professional Free Business Requirements Document Template 16 from the link below.
You can download Professional Free Business Requirements Document Template 17 from the link below.
You can download Free Business Requirements Document Sample 18 from the links bellow.
