Free Business Requirements Document Templates

Download these customizable Free Business Requirements Document Templates in MS Word Format to make your own Business Requirements Document Template easily.

A business requirement document is a key essential developed in the very early establishment of any business. Abbreviated as BRD can be described as

“A bonafide document that outlines and enlist the aims and goals a business or organization under establishment is expecting to achieve with stakeholders  and shareholders to finish a project”

A business requirements document is  used to portray the entire picture and goals of a new business plan or project so that anyone can have an exquisite understanding of the plan regarding the objectives and steps of the business plan, chalking out what and when something will be done

BRD can be outlined in two phases :

• First Phase: In this phase of the business plan or project BRD enlists all the requirements and needs of the project. This may include the price and cost; specifications of execution; advantages and benefits; achievements and the timeline of tasks
• Second Phase: In this phase the BRD might become a contract between two shareholders or partners, officially outlining the requirements and needs of the two companies

Main Aspects and Outlines Of A Business Requirements Document

A business requirements document is somewhat similar to a business proposal. The major aspects to be included in a BRD can be enlisted as follows

• Summary Statement: Another name for the summary of the statement is the executive summary. This part highlights the main aspects of the plan in general and most of the time written at the end of the project after the entire document has been written
• Objectives of the project: This is part of BRD that enlists the key goals and aims of the plan or project the objectives must be formatted smartly which means that the objectives should be measurable; specific; real and attainable
• Statement of Needs & Background: This is of the essential parts of the business requirement document. The statement describes the key aspects that explain which market areas or the causes implicated the certain project
• The Project’s Scope: The scope of the project is very important to be analyzed and subject to since the clear depiction of success and failure depends upon this part of the BRD. Moreover, this part also highlights the do’s and don’ts
• Financial Statements: Financial statements are a crucial part of any business or organization since it summarizes the overall revenues and investments in a certain period. This part must enlist all the sources and resources of findings and spending
• Basic Requirements & Features: This part is meant to feature the functional needs of the business. These can be the timelines charts and diagrams of the business plan
• SWOT Analysis: Any successful business plan needs a SWOT analysis beforehand to analyze the risk and opportunities of the business. SWOT analysis helps in increasing the credibility with the stakeholders. Careful insight is needed to complete this part of the business requirements document so that the reader can interpret the plan keenly and easily
• Personnel Needs: This part of BRD outlines the labor force or the size and type of employees who would be hired throughout the project. A detailed explanation should be developed to describe when a certain staff is employed. Details of incentives pay and the sources of financing these activities of the project
• Calendar and Schedule: The timeline is sketched in this part of the document to make sure the deadlines are met and everything is organized and completely timely to make the plan more efficient and effective concerning costs and benefits. These details help with the follow-ups inside and outside the business
• Cost-Benefit Analysis: This is an essential part of the business; the right balance between the cost and benefits of any project or plan intrigues the shareholders to take part in the project more enthusiastically and increases the subject of interest

Since BRD is a contract between the two interacting parties thus certain key aspects are to be added to the document before the intervening parties can sign it. These things need careful reasoning and attorney help since they define legal and financial pacts. These things include

• Pledge to pay and provide for the services
• The assurance of confidentiality and privacy
• Actions and lawful penalties in case of disrespecting the rules
• Arbitrations and legal proceedings
• Compensations and insurance

Free Business Requirements Document Templates

Here is our collection of Free Business Requirements Document Templates for you to download.

 

Here is the download link for this Business Requirements Document Template 01,

The download link for this Business Requirements Document Template 02 is here,

Here is the download link for this Business Requirements Document Template 03 in MS Word Format,

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Here is the download link for this Business Requirements Document Template 09 in MS Word Format,

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