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
Cite This Term
"Business Value (BV)" ScrumDictionary.com. Accessed Apr 07, 2024. https://scrumdictionary.com/term/business-value-bv/.