Value vs. effort prioritization template

About the value vs. effort prioritization template

Prioritize your initiatives, ideas, and features by rating your items based on value (impact and revenue) and team effort. What you get:

• A product backlog with a customizable prioritization framework.

• A priority chart to visualize your quick wins and timewasters.

• More views: Now-next-later roadmap, product timeline.

What is a value vs. effort prioritization template?

As part of a lean methodology, value vs. effort is a model utilized to prioritize opportunities or features and build an effective and clear roadmap.

The framework asks teams to assign each opportunity or feature with a value (e.g. impact or revenue potential) and a measure of effort (e.g. team effort). From this, teams can quickly see which features are high value and low effort — a priority — or low value, high effort — and therefore not worth progressing.

Benefits of using a value vs. effort matrix template

When you love building products, it can feel like every feature idea is one worth doing. It’s a challenge many product teams will be familiar with: how do you start choosing which of your brilliant ideas to move forward with first?

That’s where product prioritization models, like the value vs. effort matrix, come in so handy. A value vs. effort framework can:

• Remove the bias from product development because you’re prioritizing builds based on their value (impacts and benefits) and effort (how hard/easy and how long it will take)

• Get you further, faster: which features really matter for your product? Using a value vs. effort matrix template will tell you — and that has benefits for both the user and your business

• Reduce risk and scope creep: when you’re laser-focused on the value of a feature, you can’t get side-tracked by all the ‘nice to haves’. That results in lower risk for your business and a roadmap that’s bang on scope.

How to use a value vs. effort framework template

Prioritization doesn’t always come easy, but the airfocus value vs. effort template couldn’t be more simple to use. It comes fully prepped with a product backlog with a customizable prioritization framework, a 4x4 priority chart to visualize your quick wins and don’t dos, a ready-to-use now-next-later roadmap, and a timeline to visualize your release plans and delivery work.