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.
Choosing the appropriate prioritization framework enables you to address key questions:
- Are we focusing on the most valuable tasks for the business?
- Are we providing essential value to our customers?
- Does our work align with the overall business goals?
- Can we successfully launch this product to the market?
What is Product Prioritization Framewoks?
Product prioritization frameworks are methodologies or approaches used by product managers to determine which features, tasks, or projects should be prioritized based on various criteria. These frameworks help product managers make informed decisions about where to allocate resources and focus their efforts.
Table of Content
- What is Prioritization in Product Management?
- What are product prioritization frameworks?
- Common Product Prioritization Frameworks
- MoSCoW Method
- Kano Model in Product Prioritization
- RICE Score in Product Prioritization
- WSJF (Weighted Shortest Job First) in Product Prioritization
- Value vs. Effort Matrix in Product Prioritization
- Eisenhower Matrix in Product Prioritization
- Conclusion
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