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Mastering Prioritization - Product Management
Mastering Prioritization - Product Management
Prioritization
The Ultimate Guide For Product Managers
Mastering Prioritization — The Ultimate Guide For Product Managers
In this book
• Why does this ebook exist? 3
1- Weighted Scoring 18
3- RICE 30
4- Kano Model 37
5- Story Mapping 44
6- MoSCoW 48
7- Priority poker 52
• Conclusion 60
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Mastering Prioritization — The Ultimate Guide For Product Managers
make the right product decisions. You can visualize your priorities
workflows and tools like Jira, Trello, Azure DevOps and Asana to get
to update and gut decisions which more often than not, prove to be
Sign up for our free 14 day trial and start making more
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Mastering Prioritization — The Ultimate Guide For Product Managers
“People think focus means saying yes to the thing you’ve got to
focus on. But that’s not what it means at all. It means saying no
Prioritization is what keeps most of our Another reason why product management
night. Ultimately, our aim is to create decisions always involve a certain level of
seemingly simple questions: what to build feedback and information you gather.
faster than the Titanic, just as we saw with Market disruption and the risk of new
roadmap? Ideas that aren’t on the roadmap That is why prioritization should be the
end up nowhere. And choosing the wrong highest priority for product managers
ideas will lead you in the same direction. everywhere. A good prioritization framework
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PA R T 1 PRIORITIZATION PROCESS VS GUT-
FEELING DECISIONS
Why
One thing is for sure: making decisions
Prioritization Will based on gut feeling and subjective
How do we know we are building the four pillars, which we will cover extensively.
right product?
company goals.
Manage
Feedback
Build Define
Roadmap Prioritization
Framework
Execute
Prioritization
5
Reality check
PA R T 2
struggle.
Why?
challenge.
justified reasons as to why their suggestions
heavily with making decisions based on their preferences and pain points again and
misinterpretation.
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Mastering Prioritization — The Ultimate Guide For Product Managers
hoops?
objective decisions.
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Mastering Prioritization — The Ultimate Guide For Product Managers
We identified and reviewed 6 key channels that provide invaluable market insights and
Internal External
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Mastering Prioritization — The Ultimate Guide For Product Managers
INTERNAL SOURCES
No one knows what your product needs The voice of your current users is
better than your users do, so they are the indispensable when it comes to
best place to start gathering your data. understanding if your product meets — or
client needs.
insights on which ideas are of value.
• Email lists
surveys
• Social networks
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Mastering Prioritization — The Ultimate Guide For Product Managers
Your sales team is constantly in touch with Just like sales, your customer support team
your users. This makes them a great is always in touch with your users, but they
resource for user feedback. They are in have something sales doesn’t: exact insight
constant contact with the user, listening to into what’s troubling your current user.
Keep in mind that sales is typically the start with broad areas such as functionality
loudest voice in the room, highly affected or performance and then narrow down to
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Mastering Prioritization — The Ultimate Guide For Product Managers
EXTERNAL RESOURCES
Industry reports, research and analyses by Let’s get one thing out of the way — looking
advisory firms such as Gartner or Nielsen at what competitors are doing doesn’t
provide great insights into your industry and mean comparing your product to theirs, but
help gain insights into what products work, sometimes it helps to look outside. Your
which don’t and for which target customers. product should seek to have a unique and
The downsides of obtaining this data are instantly identifiable selling proposition and
often the lack of flexibility and the high cost, prove its value. With that said, you can
depending on the report and service. source valuable intelligence from your
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PA R T 3 Let’s expand on these benefits
Long gone are the days of gut-feeling you to make high impact prioritization and
the decision-making process is to have a In turn, this will create confidence in the
defined framework in place. This will decisions the team is making and will foster
standardized process, and will yield the plagued by emotional, time consuming
most impactful decisions for your meetings that become hard to track.
product.
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Mastering Prioritization — The Ultimate Guide For Product Managers
There’s no wrong
prioritization framework.
but there are wrong applications.
The following parameters will determine which framework should work best for you:
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Mastering Prioritization — The Ultimate Guide For Product Managers
Managing prioritization
from your vision to your features
Prioritization needs to be done from the highest to the lowest level of product management.
“If the team doesn’t agree on the big picture, then they certainly
Richard Banfield Author of “Product Leadership: How Top Product Managers Launch Awesome Products and Build Successful Teams”
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Mastering Prioritization — The Ultimate Guide For Product Managers
PRODUCT INITIATIVES
Setting your initiatives starts with breaking down your strategy into
Let’s use the following example from the VOOM Video App to
readiness”.
• Reportings
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Mastering Prioritization — The Ultimate Guide For Product Managers
Qualitative or quantitative
prioritization?
next release?
For very high-level prioritization, in most
made and the strategy is set, it often makes To make it easy for you to find the right
sense to go with a quantitative approach framework for your specific needs, we’ve
using a prioritization framework to prioritize curated a list of the seven best methods,
repeatable and standardized process to Each method is broken down into useful
resolve what features to work on next and in modules that enable you to understand
what sequence, while answering questions when to use them, with best practices and
like: examples.
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Mastering Prioritization — The Ultimate Guide For Product Managers
Please note
framework
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PA R T 4
Weighted
The 7 Most
Popular
Scoring
Prioritization
The weighted scoring decision matrix is a
Frameworks And
powerful quantitative technique. It
matrix model”.
Please note
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Mastering Prioritization — The Ultimate Guide For Product Managers
campaigns).
importance.
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Mastering Prioritization — The Ultimate Guide For Product Managers
Tip
Start by listing all the decision choices as
rows. Don’t forget any relevant choices, Positive criteria usually represent
• New onboarding
• Slack bot
consuming.
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Mastering Prioritization — The Ultimate Guide For Product Managers
Weigh each of these criteria in the columns using a number (the weight) to assess their
importance and impact on your decision. Establish a clear and consistent rating scale for
each one (for example, 1, 2, 3, 4, 5 starting from an insignificant to greater impact). This
Weights 5 2 3
New onboarding
Slack bot
Evaluate your different choices against the criteria. While using your defined rating system
(in our case, from 1 through 5), rate each criteria individually. For example, if you think your
mobile app has tremendous business value, give it a 5. Keep in mind: the values for each
For each of these values, you have to make sure that higher values represent more
preferable options. For example, a high ROI should lead to a high Business Value score
because a great ROI is beneficial to your business. On the flipside, high development costs
should result in a low Costs Value because high costs are negative.
Weights 5 2 3
New onboarding 5 x 3 = 15 2 x 3 = 6 3 x 4 = 12
Slack bot 5 x 1 = 5 2 x 5 = 10 3 x 4 = 12
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Mastering Prioritization — The Ultimate Guide For Product Managers
Tip
Using a dedicated prioritization tool allows you to combine different data and
measurement scales within the influencing criteria. This could range from ordinal
(1-5), any given amount of money (like $500 USD), or even bin sizes (S, M, L, XL) as
Weights 5 2 3
New onboarding 5 x 3 = 15 2 x 3 = 6 3 x 4 = 12
5 x 5 = 25 2 x 2 = 4 3 x 2 = 6
Google calendar integration
5 x 1 = 5 2 x 5 = 10 3 x 4 = 12
Slack bot
Weights
New onboarding 5 x 3 = 15 2 x 3 = 6 3 x 4 = 12 15 + 6 + 12 = 33
Slack bot 5 x 1 = 5 2 x 5 = 10 3 x 4 = 12 5 + 10 + 12 = 27
5 x 3 = 15
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Mastering Prioritization — The Ultimate Guide For Product Managers
In our example, the total score clearly favors developing a mobile app, so this is the option
Now you know how to get started with a weighted decision matrix. Before you go ahead,
Before you start creating your weighted decision matrix, identify what sort of criteria you
think a winning choice requires. Does it need to meet a minimum amount of attributes?
Does it need to align with a certain goal? By doing this, you will quickly eliminate
unnecessary options. Removing all unnecessary items and criteria is a step towards simpler
When it comes to considering each criteria, be sure to isolate it from all other criteria on the
list. This will help you make an objective decision, putting this one criteria into perspective.
You’ll also be able to make a more unbiased score without being influenced by other factors.
External realities (like a new competitor, for example), as well as internal goals and
considerations (such as budget cuts), can change quickly. So, watch out for any new
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Mastering Prioritization — The Ultimate Guide For Product Managers
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Mastering Prioritization — The Ultimate Guide For Product Managers
WHAT IS THE VALUE VS. EFFORT WHEN AND WHY SHOULD YOU USE
Value vs. Effort allows teams to assess their Due to its flexibility, intuitive
initiatives based on how much value they implementation, and objective approach, it
will bring and how difficult they’ll be to can be applied to numerous prioritization
implement. This method has the advantage cases. This is particularly useful when you
of visualization as the team will plot their are timeboxed or have very limited
weighted scoring).
Oftentimes we reject an initiative and
Your team creates a prioritization matrix assume it’s not worth it because of the
with Business Value as the Y-axis, and Effort effort it entails, or quite the opposite when
as the X-axis. You then break the matrix our team is very keen, but upon shedding
down into four quadrants, as shown in the some light on its business value by plotting
example (next page): high value & low them in the quadrant we might reconsider.
Please note
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Mastering Prioritization — The Ultimate Guide For Product Managers
IN PRACTICE
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Mastering Prioritization — The Ultimate Guide For Product Managers
VALUE EFFORT
While considering value, we must ask How do you measure the effort required?
ourselves: what does value mean for our This question can only really be answered
business? And what does it mean to our on a case by case basis. For most product
value particular initiatives can yield for the combination of other categories, including
reduce them. Is the market demanding this • Costs (internal or buying external goods
• Story points
benefit a large number of users or only a
small group?
Which sub categories you use is up to each
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Mastering Prioritization — The Ultimate Guide For Product Managers
THE MATRIX
Please note
Now that you’ve plotted your initiatives on quadrants manually, you can back
the different quadrants of the matrix, it is your ratings with weighted scoring to
clicks.
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Mastering Prioritization — The Ultimate Guide For Product Managers
due to value and effort criteria taking each initiative represents. This may
and effort.
Objective perspective
Aligns stakeholders
stakeholder buy-in.
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Mastering Prioritization — The Ultimate Guide For Product Managers
RICE
RICE SCORING?
The acronym consists of four criteria which features are crucial and which are
R I C E
Reach Impact Confidence Effort
How many users How much will How confident are How much work can
will this feature our users benefit we about our reach one team member
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Mastering Prioritization — The Ultimate Guide For Product Managers
FOR SUCCESS
Reach
period.
feature.
Examples:
• New onboarding:
• Slack bot:
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Mastering Prioritization — The Ultimate Guide For Product Managers
1 2 3 4 5 6 7 8 9 10
1 to 10 rating
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Mastering Prioritization — The Ultimate Guide For Product Managers
Confidence Effort
This metric accounts for the confidence This represents the amount of work that is
you have in the estimations you made. required from your team to build a feature or
Sometimes you believe a project could finish a project. Depending on the use case,
have a large impact but simply lack the the value type could be person-months or
• Slack bot:
Let’s look at our example: It’s a simple project requiring only a few
estimate from the team. This feature gets a It’ll take a week of planning, 3-4 weeks dev
90% confidence score. team time, and 1-2 weeks of design. We’ll
• New onboarding:
I have data to back the reach and effort, but
I’m still sceptical about the impact. This Planning this project will take several
project gets an 80% confidence score. weeks, with at least 1 month of engineering,
confidence score.
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Mastering Prioritization — The Ultimate Guide For Product Managers
Implementing a RICE score should be easy The beauty of this is that this formula gives
to calculate with your team. Once you’ve your team a standardized final number that
determined your scores, you can plug them will help you rank your initiatives and can
into a formula to get a final score, and be applied across all sorts of them. This will
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Mastering Prioritization — The Ultimate Guide For Product Managers
resources of key-personnel, or
Your RICE scores are best visualized on a
perhaps you simply feel like working
Value vs. Effort chart. It will provide a quick
on a project first due to other
items you should cut, quick wins and to see the trade-offs of making such
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Mastering Prioritization — The Ultimate Guide For Product Managers
Criteria is based on factors that have This fails to consider that a low
and user through alignment of vision precedence over a high priority one.
and initiatives.
further improvements.
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Mastering Prioritization — The Ultimate Guide For Product Managers
Kano Model
The Kano model is a framework used to Here’s where things get interesting; to
prioritize features on the roadmap based on identify how satisfied or even delighted
how likely they will satisfy or delight users. users will be with a product, we have to
Your team should pull together a list of consider the two dimensions (or plotted
features to be considered, and plot them on axes), satisfaction versus functionality. How
a chart that visualizes satisfaction versus will users react to the level of functionality
Please note
WHEN AND WHY SHOULD YOU USE This doesn’t always work as a linear
combination of:
included
investing in
the most
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Mastering Prioritization — The Ultimate Guide For Product Managers
(or complete satisfaction). gets. It ranges from None to Best (or Very
Well Done).
Satisfaction
Performance
Delighters
Product/service
performance
Must be’s
Time
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Mastering Prioritization — The Ultimate Guide For Product Managers
Looking at the graph we can quickly identify Also known as delighters. These are
and classify the features into four buckets: pleasant surprises that the user isn’t
Also known as must-be features. These are excitement. Introducing these features can
expected by your users but they won’t be what differentiates you. Think about the
satisfy them more. Without them, they won’t time Apple introduced Apple Pay from your
even consider your product. For example, Iphone, or the first time you were able to
The more of these we give users, the more now. That’s why Attractive features will
satisfied they’ll be, therefore moving in a eventually transform into Performance and
goes by.
Certain features don’t make much of a
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Mastering Prioritization — The Ultimate Guide For Product Managers
THE QUESTIONNAIRE
Consider this
In order to discover customer insights about In practice, you should also consider
feel?
are:
• I like it
• I expect it
• I am neutral
• I can tolerate it
Functional
Dysfunctional
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Mastering Prioritization — The Ultimate Guide For Product Managers
Before we proceed
described.
which categories our features fit, by pairing
user wants.
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Mastering Prioritization — The Ultimate Guide For Product Managers
First you need to fully understand the table Now you know how each pairing is
and what each pairing means in terms of categorized you’ll want to get all your
Attractive: Users like having features they and designate a feature’s category based
don’t expect having. The dysfunctional on the most recurrent response. This will
range will therefore go from ‘expect it’, to allow you to also place them on the
Indifferent features: Will always be in the In order to prioritize your results, use the
Feature 1 10 4 2 1 - 3 20 M
Feature 2 4 13 1 2 - - 20 P
Feature 3 14 1 4 1 - - 20 M
Feature 4 5 3 10 - 2 - 20 A
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Mastering Prioritization — The Ultimate Guide For Product Managers
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Mastering Prioritization — The Ultimate Guide For Product Managers
Story Mapping
The vertical axis describes criticality or interaction through to their last step of their
necessity, and different user stories are objective with your product.
based on importance.
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Mastering Prioritization — The Ultimate Guide For Product Managers
WHY SHOULD I USE STORY MAPPING? HOW DOES STORY MAPPING WORK?
This type of backlog organization has quite Story mapping could start as simply as
sophistication. By defining these, the team Taking this into consideration, the team will
to-end versions more quickly, allowing you of each target audience and their point of
Last but not least; you can apply it to any Said users will engage with your product in
stage of your product life cycle. a similar way, likely with a set or series of
experience.
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Mastering Prioritization — The Ultimate Guide For Product Managers
These activities will be the steps of your Once you have the user stories, you’ll have
sequence, and you’ll have to arrange them to prioritize them and that’s when the
with smaller steps under each one. For vertical axis comes in handy. You’ll simply
example, some of your main steps could be arrange them in hierarchical order with the
registering as a new user, or going through most important ones at the top. This can get
the checkout flow when completing a messy when you have numerous types of
purchase. These will create your sequence users, and you’ll therefore want to map
at the very top, and will be broken down into separate scenarios. But the idea is to be
smaller user stories within each one. able to agree on which stories are crucial,
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Mastering Prioritization — The Ultimate Guide For Product Managers
limited resources.
board.
whiteboard.
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Mastering Prioritization — The Ultimate Guide For Product Managers
MoSCoW
The MoSCoW method is one of the most popular prioritization techniques to establish what
is most important to clients and stakeholders. By using this method, stakeholders can
better understand the importance of different features in a release. It is extremely quick and
buckets: Must Have, Should Have, Could Have, and Won’t have.
These are the essential features that need to be included into the product.
Mo Must have
Failing to include one would result in a failed release.
They are important requirements but not essential. They are initiatives that
S Should have
are of great importance and add significant value, but are not crucial.
These are nice-to-have initiatives, as they don’t quite affect the core function,
Co Could have
and would have a very small impact if left out.
These are definitely not a priority for the foreseen timeframe, and therefore will
W Won’t have
not be included in this specific release. In other words, they are out of scope.
The MoSCoW model sets your initiatives by order of priority, and can therefore be applied to
any phase of the product life cycle. However, it is most applicable to product launches,
This is a good method to get the whole organization involved in the prioritization process,
which in turn creates a broader set of perspectives by getting different departments involved.
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Mastering Prioritization — The Ultimate Guide For Product Managers
team to quantify the amount of effort The category name doesn’t come as a
allocated to each feature or initiative, surprise as they will be the lifeblood of your
resulting in the right combination of features product or release. These are non-negotiable
amount of value.
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Mastering Prioritization — The Ultimate Guide For Product Managers
COULD-HAVE INITIATIVES
WON’T-HAVE INITIATIVES
included at all.
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Mastering Prioritization — The Ultimate Guide For Product Managers
A few downsides
Why we love it
opinion of the team, both technical will fall often becomes a never
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Mastering Prioritization — The Ultimate Guide For Product Managers
Priority Poker
S M L XL
User value
Priority Poker is an airfocus feature created If you do eventually gather them into a
to prioritize features and initiatives with a meeting, you might risk having endless
decide which new projects to start, or to development, which is the worst nightmare
estimate efforts among a number of criteria for all product managers and decision
Priority Poker can be done during a live- Unlike traditional “democratic” methods of
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Mastering Prioritization — The Ultimate Guide For Product Managers
Once the results are in, you can utilize the HOW DOES PRIORITY POKER WORK?
estimations differ tremendously. The owner can play the game in two ways:
mobile or desktop.
how many remote stakeholders you have, it
items.
estimate efforts.
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Mastering Prioritization — The Ultimate Guide For Product Managers
Each player rates the items based on their After flipping the results for an item, you will
own judgement, but no one gets to see the see the ratings and, more importantly,
ratings (other than the owner) until it’s time where the ratings differ. The platform will
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Mastering Prioritization — The Ultimate Guide For Product Managers
Why we love it
decisions.
• It enables you to give everyone a say which maximises buy-in from your team.
• It allows you to beat the HiPPO effect and tackles the issue of people influencing
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Mastering Prioritization — The Ultimate Guide For Product Managers
The HiPPO (highest paid person’s opinion) works when all preceding cross-team
effect threatens this process. We tend to deliverables have been delivered on time.
Jeff Bezos once said: “Customer feedback grows, so will your dependencies, and
flattens corporate hierarchies”. Your superior keeping track is a crucial part of it.
3) Don’t build based on the highest bidder Always strive to set the pace.
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PA R T 5
great roadmap.
Useful links
Templates)
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Mastering Prioritization — The Ultimate Guide For Product Managers
your roadmap with. Executives and C-level But the bottom line is that when done right,
will need a zoomed out version, as they it will be the tool that ensures that you are
don’t need as many details as your focusing on the right things at the right time.
options:
Progress-based roadmap
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Mastering Prioritization — The Ultimate Guide For Product Managers
59
PA R T 6 We suggest that you always consider the
Conclusion
• Vision and high-level strategy should
prioritizing items.
Prioritization should be a consistent,
the way.
We cannot stress enough the
enable this.
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Mastering Prioritization — The Ultimate Guide For Product Managers
Build outstanding
products with
powerful prioritization
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