Business Requirement Document Template
Business Requirement Document Template
Business Requirement Document Template
BUSINESS REQUIREMENT
DOCUMENT
2083-2084
Version 2.0
November 10, 2082
Revision History
Purpose......................................................................................................................... 4
Scope............................................................................................................................. 4
Business Objectives...................................................................................................4
Business Opportunities............................................................................................. 4
Goal Statements..........................................................................................................4
Problem Statement.....................................................................................................5
Opportunity Statement.............................................................................................. 5
Stakeholder Analysis................................................................................................. 6
Estimated Costs...........................................................................................................8
Assumptions.................................................................................................................9
Scope
This BRD covers the business requirements, functional and non-functional needs,
stakeholder analysis, timelines, and expected deliverables for the 2083-2084
project initiatives of NexaHome Innovations Inc. Specific technical requirements,
design specifications, or detailed task breakdowns will be documented separately in
corresponding technical specification and project planning documents.
Business Objectives
NexaHome Innovations Inc. operates through a centralized model where ideas are
generated through a dedicated R&D (Research & Development) department, tested
in-house, and then moved to production after a rigorous quality assurance phase.
The products are marketed through both online e-commerce platforms and
partnerships with physical home appliance stores across California.
Problem Statement
Stiff Competition: With several tech companies entering the home innovation
sector, NexaHome faces stiff competition, especially from brands that have a more
established market presence.
Opportunity Statement
Collaborative Ventures: Partnering with tech firms or home appliance giants can
help in co-creating products that cater to a broader audience and combine the
strengths of both brands.
Stakeholder Analysis
Contingency 200,000
Assumptions
● The market demand for sustainable smart home solutions will continue to
grow throughout 2083 and 2084.
● The $10 million budget will adequately cover all planned projects in 2083.
● Regulatory and sustainability certifications for the new products will be
obtained without significant hurdles.
● The user community platform will be positively received and will enhance
customer engagement and feedback mechanisms.
Project Timeline & Milestones
Product
Initiation 1 month Jan 2083 Jan 2083
Conceptualization
Project Planning
Planning 1 month Feb 2083 Feb 2083
Completion
First Prototype of
Sustainable Nov 2083
Products
Beta Launch of
User Community May 2083
Platform
Execution 9 months Mar 2083
Final Product
Nov 2083
Launch
User Community
Platform Official Jan 2084
Launch
Closure 2 months Dec 2083
Post-Launch
Jan 2084
Review & Analysis