Haley's method for prioritizing products and product features involves story-mapping, buy-a-feature, and cost of delay. By analyzing user journeys, business goals, and market trends, features are categorized into "today," "tomorrow," and "future" based on dependencies. Users are then asked to assign dollar values to features in the buy-a-feature exercise, which helps determine their desire. The features are then ordered based on desire and dependencies. Finally, the cost to delay is estimated by considering the cost of building and shipping a feature against its value. This method allows for prioritization based on user desire, dependencies, and cost.
Read MoreRed Mare Co is launching an upcoming blog that aims to be a treasure trove of valuable content for product managers. The blog will take a holistic approach to product management, covering various aspects of the product lifecycle. It will feature industry expertise, practical tips, and engage with a community of product managers. Stay tuned for the launch of this exciting resource!
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