Act as a product manager. Develop a feature prioritization framework for [insert SaaS product name]’s roadmap. Consider factors like customer feedback, market trends, competitive landscape, and business objectives. Propose a scoring system to assess each feature based on:

Impact: Customer value and business impact.

Effort: Development complexity and resource requirements.

Alignment: Fit with the product vision and strategic goals.

Provide examples of how to gather and analyze data to inform prioritization decisions. Outline a process for regularly reviewing and updating the roadmap based on new insights and changing priorities.

Step-by-Step Guide:

1. Define Scoring Criteria:

– Customer Value (1-10): How much does this feature benefit the user?

– Development Effort (1-10): How complex or resource-intensive is it to build?

– Strategic Fit (1-10): How well does it align with the product vision and goals?

2. Gather Data:

– Customer Feedback: Use surveys, interviews, and support tickets.

– Market Trends: Analyze industry reports and competitor offerings.

– Business Objectives: Align with company goals and KPIs.

3. Score Features:

– Use a weighted scoring model (e.g., Customer Value 40%, Effort 30%, Strategic Fit 30%).

– Example: A feature with scores of 9 (Value), 5 (Effort), and 8 (Fit) gets a total score of 7.4.

4. Prioritize Features:

– Rank features by their total scores.

– Focus on high-impact, low-effort features first.

5. Review & Update:

– Conduct quarterly roadmap reviews.

– Reassess feature priorities based on new data and feedback.

Example Output:




Feature
Customer Value
Effort
Strategic Fit
Total Score




AI-Powered Analytics
9
6
8
7.8


Dark Mode
7
3
6
5.7


Multi-Language Support
8
7
9
8.1