Business Value (BV)

[biz-nis val-yoo]

Definition of Business Value (BV)

A property of an Item that simply indicates that some external Stakeholder wants it; it is very hard to quantify, even though we continue to try to do so.

Examples

Business Value Stories are the ones we’re being paid to produce – they are the ones that the Stakeholders care about.

In the first case, when the value is to Stakeholders outside the Team, we say that the Item provides a Capability, and we often refer to the value as Business Value.

External Sources

Agile Earned Value Metrics

Cite This Term

"Business Value (BV)" ScrumDictionary.com. Accessed May 20, 2022. https://scrumdictionary.com/term/business-value-bv/.