What does a Business Requirement definition specifically set out?

A Business Requirement definition primarily focuses on identifying and detailing what needs to be bought to fulfill a specific business need or objective. This process involves capturing the essential requirements related to a product or service that an organization must acquire to meet its operational goals. By clearly outlining what is needed, the Business Requirement serves as a foundational document that guides subsequent steps in the procurement process, such as sourcing, selecting suppliers, and making purchasing decisions.

While aspects such as timelines for project completion, methodologies for making purchases, and approval processes are crucial to the overall project management and procurement activities, they don't fall within the specific scope of a Business Requirement. Instead, these elements are usually addressed in related documents or phases of project management, focusing on the execution and administration of the procurement process rather than the initial identification of needs.