How do product managers prioritize?
One way is to use a weighted scoring model.
It helps to rank features or initiatives based on an overall score.
This ranking can then be used for feature prioritization on a product roadmap.
Here are the steps for using a weighted scoring model:
➡️ List the features – Which features are you considering for your product roadmap?
➡️ Define the key criteria – Which criteria are important to weigh the options?
➡️ Assign the weight for each criteria – Set the percentage for the criteria, based on importance.
➡️ Assign a value for each feature – Set a value between 0 and 5 for each feature
➡️ Determine the score – Multiply the assigned weighted score by the number assigned to the criteria.
➡️ Prioritize the features – Make the priority list based on the ranked total score
Features with a high score are prioritized for the roadmap and those with the lowest score are moved to the backlog.
Have you used the weighted scoring model? How was it useful?
Dasanj Aberdeen is an entrepreneurial spirit who embodies the combination of left-brain logic and right-brain creativity. She is a consultant and proponent of multidisciplinary education, approaches and pursuits. She writes about their benefits in modern times and integrating multiple interests into a sustainable and fulfilling lifestyle. She’s a graduate of The Wharton School of the University of Pennsylvania and Temple University with a concentration in Technology & Innovation Management, jointly delivered by the Fox School of Business and College of Engineering.
