ğ Top Prioritisation Techniques for Startups ğ
In the startup world, every choice can shape your trajectory. Dive into these prioritisation frameworks that could be your game-changers:
ğ ImpactâEffort Matrix:
What is it? A tool to visualise and categorise tasks based on the impact they’ll have against the effort they require.
Why it’s fantastic: Especially for fresh startups, it offers a concise snapshot of where resources and energies should be funnelled. Itâs like having a bird’s-eye view of your roadmap, ensuring you get quick wins without draining resources.
ğ Feasibility, Desirability, and Viability Scorecard:
What is it? A scorecard method to assess features on technical feasibility, customer desire, and business viability.
Why it shines: For startups searching for a unique edge, this approach helps highlight high-level features or ideas that could truly set your product apart. It combines user perspective, technical realism, and business sense, ensuring a balanced product strategy.
âï¸ Weighted Scoring Prioritisation:
What is it? A flexible system that prioritises features using weighted criteria, from user experience to strategic impact.
Why you’ll love it: As your startup evolves, so do your priorities. This method lets you shift focus seamlessly, ensuring alignment with both short-term goals and long-term vision.
ğ MoSCoW Analysis:
What is it? A straightforward categorisation of features into Must-Have, Should-Have, Could-Have, or Will-Not-Have.
Why it’s a winner: It helps startups streamline, ensuring core functionalities are always tackled first. It’s a tool that ensures your team stays grounded, focusing on essential deliverables that directly add value.
ğ° Cost of Delay:
What is it? A calculation tool to measure the potential revenue loss from delaying a feature’s release.
Why it’s pivotal: It offers startups a laser-focused lens on ROI (Return on Investment). By understanding the tangible financial implications of delay, you’re empowered to optimise release timelines, ensuring the most valuable features get to market promptly.
Embarking on a startup journey requires nimbleness and intuition. These frameworks aren’t just about creating order but instilling confidence in every strategic decision. Choose your path wisely and light the way to success!