In today's newsletter, I want to prioritize your time as well. So I will keep today's content short and simple. 🙂
As a Project Manager, you have been there. Client is asking to prioritize everything and messing up your beautifully drafted project plan and timelines. 😂
What to do? Choose any of the prioritization framework given here. It will save your day and project both for sure.
1. MoSCoW Method
- Must-Have: Essential features that are critical for the product to work.
- Should-Have: Important features but not vital; can be omitted temporarily.
- Could-Have: Nice-to-have features but not essential.
- Won't-Have: Features that are not a priority for now.
Pros: Simple and easy to understand.
Cons: Can be subjective; requires clear definitions.
2. RICE Scoring Model
Reach, Impact, Confidence, Effort
- Reach: How many customers will benefit?
- Impact: How much will this feature improve the product?
- Confidence: How confident are you in your estimates?
- Effort: How much time and resources are needed?
Pros: Quantitative approach; balances benefits and efforts.
Cons: Can be complex to calculate accurately.
3. Kano Model
Basic, Performance, Excitement
- Basic: Essential features that users expect.
- Performance: Features that increase user satisfaction.
- Excitement: Unexpected features that delight users.
Pros: Focuses on customer satisfaction.
Cons: Requires extensive user research.
4. Value vs. Effort Matrix
- High Value, Low Effort: Prioritize these features first.
- High Value, High Effort: Plan and schedule carefully.
- Low Value, Low Effort: Consider if there's time.
- Low Value, High Effort: Usually not worth pursuing.
Pros: Visual and intuitive.
Cons: Oversimplifies complex decisions.
5. Weighted Scoring
Customizable Criteria
- Define criteria (e.g., revenue potential, customer satisfaction).
- Assign weights to each criterion based on importance.
- Score each feature and calculate weighted scores.
Pros: Customizable to specific needs.
Cons: Can be time-consuming to set up.
Have you been using any of the above framework?