![]() ![]() It should also be noted that this can be a useful tool for both waterfall and agile development methods (though the risk in using this with Agile is that for teams short sprints you will almost always focus on Quadrant IV and Quadrant II will likely not get the investment that it needs. However, when combined with the feature prioritization matrix and other techniques it can provide valuable additional insight about where to focus your efforts. This is obviously a simple method and isn’t without its flaws. You’ll want to be careful not to discard them due to the risk, but you will want to choose very carefully which you decide to make “Must Have’s”. Oftentimes these will be the features that provide true differentiation and a strategic competitive advantage in the long run. Features in Quadrant II can be studied more thoroughly.Features in Quadrant III can also likely either be discarded or noted as “Nice to Have but not critical” in your requirements documents and planning.You can focus on delivering the features in Quadrant IV.You can virtually forget about all of the features in Quadrant I (unless they are a critical competitive necessity).Completing the matrix gives you several useful results: Note: a template for this matrix is available in the 280 Group free templates. Collaborate with team members through delegation and instant chat. Prioritize your tasks, projects, and emails. Using a ranking system (usually based on gut feel rather than hard quantitative data, though the more data you use the better) you can then put each of the features you are considering on the matrix to evaluate payoff versus costs. Along with adhering to the Eisenhower, Priority Matrix provides functionality to: Manage multiple projects, areas of responsibilities, and initiatives (one matrix for each) Review progress, time-line, workload across projects and people. On the Y axis you put the cost/risk of developing the corresponding feature. ![]() On the X axis you map value to the customer (which presumably correlates to increased revenues & drives customer satisfaction, upgrades and additional long-term sales). The concept behind the four quadrant matrix is very simple. The four quadrant matrix uses a similar approach to help you determine where to invest you development resources to achieve maximum payoff. which uses growth rates and relative market position to categorize products into cash cows, stars, dogs and question marks to determine where to invest your future resources. Many of you are probably familiar with the Boston Consulting Group (BCG) matrix. Here I’ll be covering a technique called the four quadrant matrix. In previous articles, white papers and in my book, Expert Product Management I’ve covered how to use a feature prioritization matrix combined with techniques such as themes, golden features and timed releases to build out your product plans and determine what should be in each of your releases. A Simple Technique for Determining Where to Focus Development Efforts for the Highest Payoff Feature Prioritization Using the Four Quadrant Matrix
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |