#Initiative prioritization matrix how to#
#Initiative prioritization matrix software#

MoSCoW prioritization can help teams deliver incremental value across each of the four categories. The MoSCoW method qualifies initiatives and features into four categories: Related: Jared Spool: Measuring product investment vs. This framework can be useful for teams that want to determine which features to build for a Minimum Lovable Product (MLP). The Kano model weighs customer satisfaction against the cost to implement. Related: What is the jobs-to-be-done framework?

#Initiative prioritization matrix how to#

JTBD helps product teams understand customers' motivations and overall experience more deeply, so you can make better decisions about what to build next and how to improve your offering. The jobs-to-be-done framework (JTBD) encourages you to think through the specific jobs, or actions a user wants to take, along with the desired outcomes they want to achieve from using a product. Related: Itamar Gilad: Idea prioritization with ICE and the confidence meter Just rank the three values - impact, confidence, and ease - then multiply them to calculate the ICE score of a given feature. It is similar to the RICE framework (see below) but is more lightweight. The ICE scoring model ranks the impact, confidence, and ease associated with building a particular idea or feature: (See below.)Ĭprime: How do you calculate the cost of delays? CoD is a component of the weighted shortest job first (WSJF) prioritization framework. The cost of delay (CoD) framework combines urgency and value - so you can make decisions on what will deliver the most value right now.ĬoD is often used by teams following the Scaled Agile Framework (SAFe).

#Initiative prioritization matrix software#

How to use the product value score in Aha! software The Aha! product value score gives you a way to measure and prioritize work based on its customer and business value through every stage of the product development lifecycle. Let's take a closer look at some of the common prioritization frameworks and the benefits of each. Your team still needs to make thoughtful choices about what to prioritize next. These frameworks just provide guardrails for decision-making.

Keep in mind that choosing a framework does not preclude deeper discussion and evaluation. There are dozens of prioritization frameworks available to product managers.

Everyone wants to work on features that truly matter to customers and the business. Effective prioritization also provides transparency for the team and builds confidence in the planning process. Without a prioritization framework, you could spend all day sorting and resorting features - potentially relying too much on subjectivity or failing to reach a consensus with stakeholders. Strong opinions matter but should not overshadow product strategy. And customer feedback informs what to build next too. Plenty of voices weigh in - like sales and engineering teams and company leaders. But you do not do this important work in isolation. Product managers decide what to build next. Why is it important to prioritize features? It is more important to choose a framework that your team will apply uniformly across the product. One approach is no better or worse than another.

The framework product teams choose is usually informed by product type, customers served, organizational culture, and individual preferences. It is also easier to communicate priorities to stakeholders and leadership when you have an agreed-upon framework for making tradeoff decisions. Frameworks can support more strategic decisions, minimize biases, and avoid analysis paralysis. How to choose the best prioritization framework for your teamĪ prioritization framework contains consistent criteria for product teams to use when putting features in priority order or ranking according to business value.

That way you can visualize your top ideas or features side-by-side for faster (and better) tradeoff decisions. If you want to get started quickly, Aha! Notebooks offers an easy way to collaborate with pre-built whiteboard templates like this value vs. In this guide we will explore 12 of the most popular prioritization frameworks for evaluating future product work. This is where prioritization frameworks come in. That requires a repeatable, objective way to estimate the value of features. You want the features you choose to prioritize to help you achieve your product vision. The more you hone your understanding of customers, the better you are able to anticipate what they want.īut what makes product managers particularly good at feature prioritization is the ability to connect strategy to implementation. 12 most common product prioritization frameworksĭo skillful product managers have a sixth sense? It might seem that way, especially when it comes to evaluating which product features will deliver the most value.