A prioritization framework is a tool used in product management to systematically evaluate and rank various tasks, features, or projects based on their relative importance and urgency. It helps product managers make informed decisions about resource allocation and ensure that the most valuable initiatives are given priority.
Prioritization is crucial in product management as it helps teams focus their efforts on the most impactful work. Without a clear framework, product managers may struggle to determine which tasks or features should be prioritized, leading to inefficiencies and wasted resources. By using a prioritization framework, product managers can align their team's efforts with strategic goals, maximize the value delivered to customers, and optimize the use of limited resources.
Here are a few examples of prioritization frameworks commonly used in product management:
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