Product Prioritization Frameworks [Part 2] - XB Software
Prioritization frameworks used by product managers:
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Story Mapping
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The Product Tree
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Cost of Delay
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Buy a Feature
Prioritization frameworks used by product managers:
Story Mapping
The Product Tree
Cost of Delay
Buy a Feature
Benefits of Adopting a Document Management System:
Paperwork Elimination
Meeting the Legislative and Safety Standards Is Easier
Advanced Information Security
Quick Documentation Analysis
Common risks of using an outdated software:
Constant Crashes and Downtime of the System
Increased Maintenance Costs
Outdated Software Slows Down Your Employees
Your Business Secrets Are No Longer Yours
Increased Risks of Non-compliance with Legal and Regulatory Standards
Infrastructure as a Service includes computing resources, such as virtual servers, storages and networks. It may be said that it can be imagined as virtual computers where operating systems, software, applications can be installed on.
Platform as a Service is primarily designed for companies developing their own software. Companies using PaaS need to manage only applications and data with no necessity to manage the infrastructure.
The product manager’s primary responsibility is to develop a long-term strategic plan of development and communicate it to the team. Their goal is to shape the initial product into something that end-users will love through the ongoing evolvement.
The primary responsibility of a project manager is to work with a team of specialists with diverse skills to ensure that a project will be completed on time and under a given budget.
Today, master data management (MDM) and data governance are considered co-dependent disciplines – that is, an organization won’t be successful in implementing one without also focusing on the other. Data governance is also considered the “business function” of MDM, controlling how organizational data is created, collected, and used.
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Selection of an appropriate prioritization framework will help you to better assess the potential of your product and not to stumble on the decision deadlock. Four popular prioritization models are:
RICE
Value vs Effort
Kano Model
The MoSCoW Method
When we talk about technical or administrative expertise specific to a particular field of application, we usually mean so-called hard skills. On the other hand, soft skills is a term that describes a person’s ability to interact and collaborate with other people, accept their opinions, adapt to new conditions of work, and resolve conflicts with colleagues. Please read the full article When “Softer” Means “Stronger”.
Flutter is a portable SDK equipped with some extra tools that are pretty helpful for developers who build applications for web, mobile platforms, or even desktops.
The primary purpose of React Native is to help developers build cross-platform mobile applications with a high level of code reusability.
For the detailed information considering these frameworks please read the article Flutter vs React Native From a Business Point of View.
The application of artificial intelligence in eCommerce allows using business and customer data for making predictions that are not so obvious to the naked eye of customers looking for a specific product on a website and business owners planning the strategy of promoting goods and services. Please read the article Turning Your Marketplace Into a Magnet for Buyers With Artificial Intelligence know how adoption of AI can help your eCommerce business.