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Product Management - Simplest Framework for Prioritization

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What is the simplest framework to set product feature priorities? We removed everything that can be removed and only left 3 steps to prioritize any product backlog.

It can't get simpler than this.

Published in: Software
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Product Management - Simplest Framework for Prioritization

  1. 1. SIMPLEST FRAMEWORK TO SET PRODUCT PRIORITIES (for startups) alex@diagramic.com
  2. 2. SIMPLE AND FAST TOOL WHAT IS THE SIMPLEST PM FRAMEWORK TO GET THINGS DONE?
  3. 3. STEP 1 - TODO LIST • FEATURES • DESIGN • TASKS • USER FEEDBACK • … anything you add to the list
  4. 4. EXAMPLE - FEATURES Date Feature Comments 2/15/15 Feature 1 MVP 3/1/15 Feature 2 3/6/15 Feature 3 3/7/15 Feature 4
  5. 5. STEP 2 - RANK Rank is defined as multiple of: R = User Value x Business Value x Delivery each one is rated 1-5 (1=worst, 5=best) You can add more, but NOT RECOMMENDED
  6. 6. VALUES (ATTRIBUTES)• User value is based on Segmented - Aggregated votes (inputs: Sales, Support, Training) • Business value is based on revenue opportunity, marketing value (inputs: Business, Marketing) • Delivery (T2M, Engineering Effort) is based on how quickly it could be done (input: Eng
  7. 7. RANK ver Feature User Value Business value T2M Rank Feature 1 4 2 5 40 Feature 2 5 4 4 80 Feature 3 5 5 3 75 Feature 4 4 3 4 48
  8. 8. STEP 3- SORT AND VERSION ver Feature User Value Business value T2M Rank 1.01 Feature 2 5 4 4 80 1.02 Feature 3 5 5 3 75 1.03 Feature 4 4 3 4 48 1.03 Feature 1 4 2 5 40
  9. 9. VERSIONS = RELEASES • Combine many small improvements or few large features • Releases are "bundles" of requirements with total value sum of X of more (~400pts) • Example: v.1.03 has 88pts = 48pts (Feature 4) + 40pts (Feature 1) • Best practice: Don’t make releases “too big”. Customers will always find bugs/problems
  10. 10. BEST PRACTICE - EQUALIZE 0 110 220 330 440 550 April May June July 0 150 300 450 600 750 April May June July Good Not
  11. 11. SUMMARY 1. MAKE A LIST 2. RANK BY 3 DIMENSIONS (USER, BIZ, ENG) 3. GROUP INTO RELEASES OF X PTS Use any tool you like (diagramic.com, spreadsheet)
  12. 12. DEMO
  13. 13. BEST PRACTICE ALTERNATE “FEATURE” RELEASES AND “USABILITY” RELEASES 0 110 220 330 440 550 April May June July
  14. 14. SUMMARY 1. MAKE A LIST 2. RANK BY 3 DIMENSIONS (USER, BIZ, ENG) 3. GROUP INTO RELEASES OF X PTS use any tool you like (google spreadsheet)
  15. 15. THIS IS AS SIMPLE AS IT CAN GET I've seen very complex systems, but the overhead is not worth it
  16. 16. DIAGRAMIC SIMPLEST PRODUCT PRIORITIES FRAMEWORK alex@diagramic.com www.diagramic.com

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