Product Prioritization Frameworks

    


     Prioritization is both a skill and duty of a product manager. Frameworks can facilitate the thinking process of prioritization and the prioritization process itself. They also help present the prioritization outputs in a structured and convincing manner to discuss with related stakeholders. I compile some established methods that will help product managers prioritize better.

  • RICE (Reach, Impact, Confidence, Effort) scoring model 

  • Critical path (prioritizing tasks within a primary flow)

  • Kano model (rank items against user’s perceived value)

  • Importance vs Satisfaction framework (Product lean start-up)

  • ROI scorecard (prioritize based on return on investment)

  • MoSCoW (Must have, Should have, Could have, and Will not have) scoring scheme

  • Weighted scoring

  • Value vs. complexity

  • Buy-a-feature
  • Opportunity scoring
    To use the prioritization frameworks effectively, I recommend first exploring details of several frameworks (what it can be used for, some use cases or examples, how it can be applied, and so on). Then you pick up what framework suits your needs or purposes. There is no one-size-fit-all framework, as each framework has its own use cases. Even for the same purpose, you may consider using some frameworks to compare and contrast their outputs and implications. You may be surprised at the diverse outlooks they bring about.


Reference:
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