Feature prioritization strategies can be categorized as either priority-based or score-based. Priority-based strategies explicitly rank features, while score-based strategies assign numerical scores to features. Strategies can also be categorized based on their internal or external focus. Some common strategies include Feature Bucketization, which categorizes features based on business goals; MoSCoW, which classifies features as "Must have", "Should have", etc.; and Story Mapping, which orders features across multiple releases.