Business Value

[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

  1. Agile Earned Value Metrics

Cite This Term

"Business Value." ScrumDictionary.com. Accessed Dec 07, 2019.
https://scrumdictionary.com/term/business-value/.