Product Management - Simplest Framework for Prioritization
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Transcript of Product Management - Simplest Framework for Prioritization
SIMPLEST FRAMEWORKTO SET PRODUCT PRIORITIES
(for startups)
SIMPLE AND
FAST TOOL
WHAT IS THE SIMPLEST
PM FRAMEWORK TO
GET THINGS DONE?
STEP 1 - TODO LIST
• FEATURES
• DESIGN
• TASKS
• USER FEEDBACK
• … anything you add to the list
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
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
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
team)
RANK
ver FeatureUser
Value
Business
valueT2M 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
STEP 3- SORT AND
VERSION
ver FeatureUser
Value
Business
valueT2M 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
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
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
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)
DEMO
BEST PRACTICE
ALTERNATE “FEATURE” RELEASES AND
“USABILITY” RELEASES
0
110
220
330
440
550
April May June July
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)
THIS IS AS SIMPLE AS IT CAN
GETI've seen very complex systems, but
the overhead is not worth it
DIAGRAMICSIMPLEST PRODUCT PRIORITIES FRAMEWORK
www.diagramic.com
