Prioritization Notes

The best ideas on how to make a decision on what to do next

Product Management

A product manager must consider all the various factors to grow the product: business goals, user requests, team resources. Deciding what's essential without a framework is long, painful, and improper. Use known models for effective decision making and roadmap building.

Four-factor framework for prioritizing initiatives. 

  • Reach—How many customers will this project impact?
    Scored: Number of people/events per time period.
  • Impact—How much will this project increase conversion rate?
    Scored: 0.25—Minimal; 0.5—Low; 1—Medium; 2—High; 3— Massive.
  • Confidence—How much support do you have for your estimates?
    Scored: 20%—Moonshot; 50%—Low; 80%—Medium; 100%—High.
  • Effort—How much team time will the feature require?
    Scored: Number of “person-months”.

Total Score = Reach x Impact x Confidence / Effort.