- Value-based prioritization: Prioritize items based on the value they will bring to the business or to the customer. This could include things like revenue generation, cost savings, or improving the customer experience.
- Risk-based prioritization: Prioritize items that address high-risk areas first. This could include things like security vulnerabilities or regulatory compliance.
- Dependency-based prioritization: Prioritize items that have dependencies on other items first. This ensures that the necessary work is completed in order for other items to move forward.
- Cost-benefit analysis: Prioritize items based on the effort required to complete them versus the value they will bring.
- Stakeholder input: Consider the priorities of different stakeholders (e.g. customers, business leaders, developers) and weigh their input when prioritizing items in the backlog.
Top Product Owner Interview Question - How do you prioritize features and stories in your product backlog?
There are a few different approaches that Product Owners can take to prioritize the items in their product backlog:
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