We are sorting the stream of stakeholder request and product ideas in a KPI-weighted table.
The Matrix
This 2x2 matrix
- low effort vs. high effort
- high value vs. low value
is a nice and easy consumable visualization model.
The Weights
Suggested weights are
- Reach
- How many customers does the feature impact?
- Customers
- New/existing target groups
- Revenue
- Will it drive revenue either direct or via extended CLV?
- Acquisition
- Will the feature help drive new customers?
- Efficiency
- Does the feature help drive efficiency in customers’ lives – be that internal customers (colleagues), or external (paying) customers?
- Brand
- Does the feature enhance your brand awareness?
The classification/quadrants
Top left to bottom right
- Q1
- Do it now!
- Q2
- Break it down and put in prio sequence
- Q3
- Gap filler
- Q4
- Forget about it... for now.
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