The Business Challenge Canvas (BCC) is a tool that will help to frame a business problem, opportunity, or need. One Business Challenge Canvas can lead to multiple projects or streams.
A BCC helps aligning Team members and Sponsor towards a unified vision and challenge understanding. Consider it like a contract that could be signed by both parties. Yet, the BCC is not rigid. It should evolve, according to the learning of the Team members and discussion with the Sponsor.
In a nutshell, this simple canvas will frame what is the expected outcome, how we will measure the outcome, what are the context, constraints, and resources available.