Feature Prioritization
This Miro template provides a structured and collaborative framework for prioritizing product features based on a combination of their estimated job size (development effort) and their perceived business value. By visualizing features on a matrix, teams can gain a clear understanding of which features offer the most value for the least effort, facilitating informed decision-making for product roadmaps and sprint planning.
What this template helps you achieve:
Objective Prioritization: Moves beyond subjective opinions by grounding prioritization in estimated effort and business impact.
Shared Understanding: Fosters alignment and consensus among development teams and business stakeholders on feature priorities.
Efficient Planning: Helps identify "quick wins" (high value, low effort) and avoid investing heavily in low-value, high-effort features.
Resource Allocation: Provides a clear basis for allocating development resources effectively.
Transparency: Makes the prioritization process transparent to all involved parties.
Data-Driven Decisions: Supports data-informed decisions about which features to tackle first, second, and so on.
Who would benefit from it most:
Product Owners and Product Managers: To effectively prioritize features for their product roadmap and backlog.
Development Teams: To understand the rationale behind feature prioritization and estimate effort collaboratively.
Business Stakeholders: To contribute their insights on business value and align with development on priorities.
Scrum Masters and Agile Coaches: To facilitate effective prioritization sessions within agile teams.
Project Managers: To manage scope and allocate resources based on prioritized features.
How to use it:
Job Size Estimation (Development Team):
Gather the development team.
For each feature, have each team member individually estimate the relative job size (development effort) using the provided Fibonacci-like sequence (1, 2, 3, 5, 8, 13, 20), where "1" represents the least effort.
Each team member fills in their estimate in the column labeled with their name for each feature.
Facilitate a discussion to align on a single agreed-upon job size for each feature.
Record this agreed-upon weight in the designated "Job Size" column for each feature.
Business Value Estimation (Business Stakeholders):
Gather the relevant business stakeholders.
For each feature, have each stakeholder individually determine its relative business value using the same Fibonacci-like sequence (1, 2, 3, 5, 8, 13, 20), where "1" represents the least business value.
Each stakeholder fills in their estimate in the column labeled with their name for each feature.
Facilitate a discussion to align on a single agreed-upon business value for each feature.
Record this agreed-upon weight in the designated "Business Value" column for each feature.
Prioritization:
For each feature, calculate the "Business Value / Job Size" ratio. This provides a numerical indicator of the potential return on investment (higher ratio is generally better).
Present the overview of features, their job sizes, business values, and the calculated ratios to the business stakeholders.
Facilitate a discussion to review the data and align on the final prioritization of features. Features with higher "Business Value / Job Size" ratios are typically considered higher priority.
Visually arrange the features on the Miro board (e.g., moving them to different sections or using connectors) to represent the agreed-upon priority order.
This template empowers your teams to have structured and data-informed conversations around feature prioritization, leading to better product decisions and more efficient development efforts.
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