The document discusses the importance of writing good business requirements for minimizing project risk. It notes that the real problems with many IT projects stem from a lack of proper analysis and preparation, with requirements often not clearly defined or tied to business goals and values. The document provides guidance on best practices for writing business requirements, including quantifying requirements, focusing on stakeholder needs and system qualities rather than just functions, ensuring "rich specification" that provides important background context for each requirement, and carrying out quality control checks of requirements.