How do you prioritize features and initiatives when building a product roadmap?
Samet Ozkale
6 replies
When building a product roadmap, it's important to prioritize features and initiatives that will provide the most value to your customers and business.
How do you prioritize 👇👇👇
Replies
Tikue Anazodo@iamtikue
The most critical thing is to make sure you understand your north star metric (NSM). Once you are clear on that, roadmap prioritization becomes about "juice to squeeze" towards that north star i.e. cost (people resources + financial) of each initiative against the projected impact on your NSM.
Low cost / high NSM impact should ideally be closer to the top, high cost / low NSM impact should ideally be closer to the bottom.
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⚡️ Start by defining the goals of your product and the problem you’re trying to solve. This will help you determine what features and initiatives are most important.
🚀 Collect feedback from your customers and stakeholders to understand what they need and want from your product. Use this feedback to prioritize features that will have the biggest impact on your users.
📌 Once you have a list of potential features, rank them based on their importance and impact. Consider factors like customer value, business value, development effort, and risk.
💙 Use your prioritized list of features to create a product roadmap that outlines the features and initiatives you plan to deliver over time.
⚙️ Continuously evaluate your roadmap and adjust it as needed based on feedback and changing priorities.
With producter.co , teams can prioritize features and initiatives that will have the greatest impact on their users and help them achieve their product goals.
First, we prioritize features and initiatives that directly address the needs and pain points of our customers. This involves gathering feedback from our user base through surveys, customer interviews, and other means, and using that feedback to identify the most important features and improvements that we can make.
Next, we consider market trends and competitor analysis to ensure that our product roadmap is aligned with the broader market landscape. This involves monitoring industry trends, identifying gaps in the market, and developing features and initiatives that can help differentiate our product from competitors.
Finally, we take into account our business objectives and goals when prioritizing features and initiatives. This involves evaluating the potential impact of each feature on our business metrics, such as customer acquisition and retention, revenue, and profitability.
By combining these factors and taking a data-driven approach to prioritization, we are able to ensure that our product roadmap is aligned with the needs of our customers, the broader market landscape, and our business objectives. This enables us to deliver a product that is both valuable to our customers and successful in the marketplace.
Launching soon!
In short, this is how I'm doing it
- List some features based on the users feedback and my assumption
- Measure the each difficulty and importance
- Sort it by highest "importance" and lowest "difficulty"
We definitely take feedback from users into maximum consideration. Additionally the existing reception of features and the product also shapes the immediate set of features.
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