Los Angeles, CA 90012 | nexahome@email.

com | 222 555 7777

BUSINESS REQUIREMENT
DOCUMENT
2083-2084

Version 2.0
November 10, 2082
 Revision History

Version Changes Made Approved by

1.0 Initial document Jane Smith

1.5 Detailed product requirements Jane Smith

2.0 Outlined Timeline Richard Williams

 TABLE OF CONTENTS

Purpose......................................................................................................................... 4

Scope............................................................................................................................. 4

Business Objectives...................................................................................................4

Business Opportunities............................................................................................. 4

Goal Statements..........................................................................................................4

Current Business Process........................................................................................ 5

Problem Statement.....................................................................................................5

Opportunity Statement.............................................................................................. 5

Stakeholder Analysis................................................................................................. 6

Estimated Costs...........................................................................................................8

Expected ROI & Break-Even.................................................................................... 9

Assumptions.................................................................................................................9

Project Timeline & Milestones............................................................................... 10

 Purpose

This Business Requirement Document (BRD) has been developed to provide a

comprehensive understanding of the business needs and objectives that drive
NexaHome Innovations Inc.'s upcoming projects. It serves as an agreement between
stakeholders and the development team on what needs to be achieved, ensuring
alignment in vision, scope, and expected outcomes.

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

To become the leading brand in home innovations by 2085, recognized for

seamlessly blending technology with home solutions. NexaHome aims to create a
world where homes are not just spaces to live but are smart, sustainable, and
conducive to the evolving lifestyles of the 21st century.

Business Opportunities Goal Statements

● Increasing global push towards ● Achieve a 15% market share in

sustainable living smart home solutions by end
2084
● Growing demand for smart
homes ● Launch three sustainable home
products by end of 2083
● Rapid urbanization in various
parts of the US ● Establish user community
platform by mid-2083
 Current Business Process

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

Limited Market Reach: Despite having innovative products, NexaHome's presence

is predominantly felt only in the urban areas of California, leaving a significant
portion of potential customers untapped in suburban and rural regions.

Feedback Loop: The passive approach to collecting customer feedback sometimes

delays the identification of product issues or areas for improvement, which can
affect customer satisfaction and brand loyalty.

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

Diversified Marketing Strategies: By adopting a diversified marketing strategy

targeting both urban and suburban areas, NexaHome can expand its customer base
and brand presence.

Active Customer Engagement: Implementing a proactive approach to customer

engagement, like a dedicated user community or a real-time feedback system, can
help in immediate problem identification and solution provision.

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

Provides direction, allocates resources,

Senior and approves major decisions related
Management to projects. Ensures alignment with the
company's vision and mission.

Researches, designs, and tests new

product ideas. Provides input on the
R&D Department
feasibility and viability of proposed
projects.

Manages the branding, promotion, and

Marketing and selling of products. Provides insights
Sales on market trends and customer
preferences.

Acts as the primary point of contact for

Customer customer feedback, complaints, and
Service queries. Plays a crucial role in gauging
customer satisfaction.

Handles the manufacturing, quality

Production and checks, and distribution of products.
QA Ensures products meet established
standards.

Use the products and provide vital

Customers feedback. Their satisfaction and needs
drive the company's direction.

Supply the necessary components for

Suppliers and product manufacturing. Timeliness and
Vendors quality from them are crucial for the
company's operations.

Regulatory Set and enforce standards and

regulations that the company needs to
Bodies
comply with.
 Project 1
Proposed NexaHome Smart Thermostat

As a homeowner, I want to remotely adjust my home

Customer temperature so that I can ensure comfort upon my arrival.
Preferences
As a user, I want to view monthly energy consumption analytics
to understand and manage my energy usage better.

➔ Users must be able to connect thermostat to mobile app.

➔ App should display the current home temperature.
➔ Users can adjust temperature settings from app.
➔ Changes made from app should reflect on thermostat
Functional within 5 seconds.
Requirements ➔ App should provide monthly energy consumption overview.
➔ Users can view daily breakdowns by clicking on specific
days.
➔ Data representation should be in both graphical (charts)
and numerical forms.

App command & thermostat adjustment

Performance
should not exceed 5 seconds.

System can support an increase of up to

Scalability 500,000 users without degrading
performance.

Non-Functional Thermostat interface should be intuitive

Usability
with easily accessible controls.
Requirements
All user data, including preferences and
Security energy usage statistics, should be
encrypted.

Thermostat should meet all energy

Compliance efficiency standards set by regulatory
bodies.
Estimated Costs

R&D Product ideation, market analysis, prototyping 2.5 million

Production Raw materials, manufacturing, packaging 2.0 million

Platform Platform design, content creation, maintenance 1.0 million

Marketing Product launch campaigns, ads, collabs 2.0 million

Software Dev Product supporting software, mobile apps 1.5 million

Operations Warehousing, distribution, shipping 500,000

HR & Training Salaries, employee training 300,000

Contingency 200,000

TOTAL $ 10.0 million

Expected ROI & Break-Even

● The expected ROI for 2083 is 50%

● Given the total costs of $10 million, and assuming an average revenue of
$100 per product sold, NexaHome Innovations Inc. would need to sell
200,000 units (or achieve equivalent revenues from other sources) in 2083 to
break even.

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

Phase Duration Key Milestones Start Date End Date

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

Product Testing &

Jul 2083
Feedback

Final Product
Nov 2083
Launch

Monitoring & Ongoing Checks

Throughout Mar 2083 Nov 2083
Control & Balances

User Community
Platform Official Jan 2084
Launch
Closure 2 months Dec 2083
Post-Launch
Jan 2084
Review & Analysis