Common Product Prioritization Frameworks

What is Prioritization in Product Management?

Prioritization in product management is the process of determining which features, tasks, or projects should be prioritized based on various criteria. This involves evaluating the potential impact, value, and urgency of each item and making informed decisions about where to allocate resources and focus efforts. Prioritization helps product managers ensure that they are working on the most important and impactful items and helps them manage their workload and resources effectively....

What are product prioritization frameworks?

Product Prioritization Frameworks are organized plans used by product managers and teams to decide what things to work on first in building or improving a product. These plans help them choose where to put their time and effort based on different factors like what customers need, how much it benefits the business, or specific goals....

Common Product Prioritization Frameworks

Some common product prioritization frameworks include :...

MoSCoW Method

The MoSCoW method is a prioritization technique used in product management and software development to categorize requirements or features based on their importance and impact on the product....

Kano Model in Product Prioritization

The Kano model helps us understand what features will really make customers happy. In Image provided below. On the horizontal line, we have three types of features:...

RICE Score in Product Prioritization

The RICE Score is a prioritization framework developed by Intercom that helps product managers and teams prioritize features and projects based on their potential impact and feasibility....

WSJF (Weighted Shortest Job First) in Product Prioritization

WSJF (Weighted Shortest Job First) is a prioritization framework developed by Don Reinertsen that helps product managers and teams prioritize features and projects based on their value and urgency. It assigns weights to features based on their cost of delay, job size, and risk reduction, and prioritizes features with the highest WSJF score....

Value vs. Effort Matrix in Product Prioritization

The Value vs. Effort Matrix is a prioritization framework that helps product managers and teams prioritize features and projects based on their value and effort required. It categorizes features into four quadrants based on their value and effort: high value, low effort; high value, high effort; low value, low effort; and low value, high effort....

Eisenhower Matrix in Product Prioritization

The Eisenhower Matrix, also known as the Urgent-Important Matrix, is a prioritization framework that helps product managers and teams prioritize tasks and deliverables based on their urgency and importance. It categorizes tasks into four quadrants: urgent and important, important but not urgent, urgent but not important, and not urgent and not important....

Conclusion

Product prioritization frameworks are like guides that help teams decide what to focus on first. They consider factors like how many people will benefit, how much impact a project will have, how certain we are about our estimates, and how much effort it will take....