Develop a Product Feature Prioritization Framework
Objective:
- Create a systematic framework for prioritizing new product features or enhancements.
- Align feature development with strategic goals, customer value, and technical feasibility.
- Optimize resource allocation and product roadmap planning.
Description
Inputs
- [Product Name: e.g., Mobile banking app, E-commerce platform, Project management software]
- [Strategic Product Goals (3-5 bullet points): e.g., Increase user engagement, Reduce churn, Expand market share, Improve UX]
- [Key Prioritization Criteria: e.g., Customer Value, Business Impact, Technical Effort, Risk, Urgency]
- [Target Audience for Feature: e.g., New users, Power users, Enterprise clients]
- [Desired Output Format: e.g., RICE score matrix, MoSCoW method, Opportunity Scoring]
Results
- A clear framework with defined criteria and scoring mechanisms for feature prioritization.
- Instructions on how to apply the framework to a list of features.
- A template for scoring and ranking potential features.- Guidelines for communicating prioritization decisions to stakeholders.