Feature Prioritization Matrix

$25.00$75.00

Licensing Options
Product FAQs

Clear

Description

Stratrix’s Feature Prioritization Matrix is a spreadsheet template to evaluate product features on multiple parameters and then prioritize the list.  The feature prioritization template is customizable, and users can tailor to the unique needs of their situations.

Why Prioritize Features?

In most cases, feature creep is a natural state of affairs in most companies.  Whether it is a customer feedback item or the vision of the product owners or bug fixes, feature and functionality backlog is always more than what any product development organization can handle within time, budget, and capacity constraints.  Hence, feature prioritization is an essential facet of product management.  And prioritizing the features by evaluating them on a set of criteria is the best way to achieve the objective.

What is Feature Prioritization Matrix or Feature Prioritization Template?

Stratrix’s Feature Prioritization Matrix or Feature Prioritization Template is an essential tool and an accelerator for quickly assessing the features on multiple parameters with different weights for various criteria and consolidating the score to rank the features.   The feature prioritization template is an Excel spreadsheet.

Of course, even after the forced priority ranking, product teams may pick something down the line and postpone a feature right at the top.

The evaluation criteria include “Business Value,” “Market Demand,” “Cost” and “Complexity.”   The default setting is equal weight for every category, but users can adjust the weights.  Or a user will be able to conduct a sensitivity analysis by altering the weights and seeing the impact of the score and which feature rises to the top.

Furthermore, users can modify the parameters and the weights for different categories and generate a prioritized list of features.

Stipulations:

  • As Feature Prioritization Template is a digital product, we do not accept returns, and there are no refunds.
  • Product Sales are on an as-is basis and include no warranties.
  • We do not provide any customization, implementation help, or product support.

All sales are subject to our Terms of Service and Privacy Policy.

Feature Prioritization Matrix

$25.00$75.00

Licensing Options
Product FAQs

Clear