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Product Prioritization Techniques: A Glimpse Into OKRs, Kano Model And Other Techniques For Product Management

Product Prioritization Techniques: A Glimpse Into OKRs, Kano Model And Other Techniques For Product Management, Effort-Impact Matrix

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Product Prioritization Techniques A Glimpse Into OKRs, Kano Model And Other Techniques For Product Management

“So much to do, so little time.” This thought has undoubtedly crossed your mind at least once when you are sitting at your desk, trying to keep up with a deadline.

During the development and read about some hr metrics for performance management, product managers often struggle to articulate, evaluate, and prioritize opportunities. This blog will highlight some tried and tested product prioritization techniques that have will help you beat the product backlog and reach your goals.

1. Objectives and key results (OKR)

All budding entrepreneurs and product managers will be able to relate to Martin Luther King Jr. “I have a dream” speech because, in a way, they all have a dream, a goal they want to achieve while developing a product.

But the hard truth of life is that ideas rarely measure up to reality, and even if we have clear objectives, the results we achieve are often different. Objectives and key results (OKR) is a framework that is included in many product prioritization techniques that are meant to define and track product objectives and their outcomes.

2. Critical elements of OKR’s

OKR’s include a clear goal, along with a crucial result that has to be measurable. The main aim is to help product managers and developers plan how to achieve their objectives using concrete and specific actions.

One significant benefit of using OKR’s in product management is that everyone in the team knows what they are expected to do. If everyone has a clear idea about their specific tasks, it will be more accessible to moves towards the same goal.

The key results must be measurable; that is, the only way the objectives and essential results framework will be useful. When using OKR’s, you can use a 0 – 100% score or 0 to 10 to measure the key findings.

Bottom Line: If you want to know if OKRs are useful, listen to Google’s Larry Page. The former CEO of Alphabet and co-founder of Google testified that OKRs have helped Google achieve 10x growth and keep the company on time and track.

3. The Kano Model

As the business, there is a phrase often repeated so much that it tends to get a little annoying; nevertheless, it is true; “the customer is always right.” The Kano Model builds upon this idea and sets up a five-step guide designed to help product managers develop a product or service centred on customer satisfaction.

Developed by Japanese professor Dr Noriaki Kano, the Kano Model is a product development and customer satisfaction theory that classifies customer preferences into five categories for more efficient product prioritization.

4. Critical Elements of the Kano Model

Basic Features: When you are considering the basic features of your product, you need to make sure the features match the customer’s needs. Even though the basic features may not necessarily make the customer pick you over a competitor, it is crucial because if you don’t get it right, the customer may not pick your product.

Performance Features: The performance attributes, which are also known as ‘satisfiers,’ are not necessary for the product but which, if added, increases the customer’s enjoyment. It is a general rule that when it comes to performance attributes, more is always better.

Excitement features: As the name suggests, the exciting features, or delighters, are meant to provide a disproportionate increase in customer satisfaction and generate excitement among users. Excitement attributes play a crucial role in your product’s competitive edge.

Bottom Line: The Kano Model is an innovative product prioritization technique that will put you in your customer’s shoes and allows you to relate to your customers’ needs. The key to carrying out the Kano Model Analysis successfully is to generate product ideas and features based on customers’ experiences and expectations.

5. Effort-Impact Matrix

It is curious to think that even though each day has precisely 24 hours, there are some days when you have all the time in the world, and you are more productive, and there are days when you work like crazy but have nothing to show for it.

For effective product prioritization, you need to manage your time more efficiently so that you don’t find yourself caught up with meaningless work.

An Effort-Impact Matrix is a decision-making tool that allows you to prioritize your work and use your time, effort, and resources fruitfully.

6. Critical Elements of Effort-Impact Matrix

If you use the Effort-Impact Matrix for prioritization, you will find that it helps you identify and focus on activities that need your immediate attention compared to those that can wait. This will help you rank your work and plan your day more efficiently.

This technique will also help you analyze the amount of effort required for each task, along with the benefits you stand to receive once the job is completed. Using the high-impact high-effort evaluation technique will motivate you to take up challenging tasks that require considerable effort because of the end business value.

This decision-making tool and prioritization technique will also help you optimize and assign your time and resources not to waste any effort when achieving your goals.

Bottom Line: The Effort-Impact Matrix is a way to get your product back on track and aligns team priorities so that it becomes easier to achieve your set business goals.

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Business

The Ultimate Guide to Custom 10×10 Canopy Tents for Events

The use of a 10×10 canopy tent depends on the number of people you plan to call and gather. It mainly harbors 10-12 people and chairs.

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The Ultimate Guide to Custom 10x10 Canopy Tents for Events

If you hold an event in mind and are looking for an outdoor event, you need a 10×10 canopy tent for your guests and the space you are trying to accommodate. The custom canopy tent is available in different sizes and can be used for multiple events and social events.

The use of a 10×10 canopy tent depends on the number of people you plan to call and gather. It mainly harbors 10-12 people and chairs. Though the custom canopy tent is readily available, it can be easily mounted as well.

1. The 10 x 10 Canopy Tent

The 10×10 canopy tent is a size good enough for a small family and friends reunion. It can hold 10-12 chairs and is equivalent to 100 square feet. It is a good enough space available at Signleader Display, an online site that majors in providing the best outdoor accessories and facilities.

The custom canopy tent is one of them. They are available at a meager and exciting price, which does not doubt the quality because that is guaranteed.

2. Buying a 10×10 canopy tent

When you are thinking of buying a 10×10 canopy tent, there should be a few things that you must consider. There are other tents available that may fulfill your need, but this custom canopy tent is a little big and more formal for many occasions.

a. People

When you order a 10×10 canopy tent, that means you have an event or gathering in mind. For such a tent you can accommodate 10-12 chairs or 15 people. If you gather a crowd having fewer people, then it will be too big for them. You can even place a dining table at the center of this canopy tent and accommodate more people as well.

b. Time

The custom canopy tent is better used in daylight, such as at a brunch, even a lunch, or a noon event. The 10×10 canopy tent is open from all four sides if you want it to be. The roof is a thick fabric. This means it is better in natural light because as it gets dark, you will also need to arrange for lights. Also, if you plan a winter event, the natural light is warm and feels good, while the nights get chilly and require heaters.

c. Theme

For a wedding or even a birthday event, you can alter the roof and walls accordingly. If you prefer a 10×10 canopy tent to have a subtle look, you can go for a white, lilac, or even a grey theme. However you feel, you can get the roof and walls printed in colors and patterns for a birthday party.

d. Mounting

Though it might be easy to look like the custom canopy tent is being assembled, it is not. You need enough space for this 10×10 canopy tent in the first place. Do not think you can do it alone. Though there is nothing much to assemble but accuracy is needed. The legs should be handled with care and firmly mounted. The roof is more extensive and heavier. It will require some man labor to get it hooked and raised.

3. Conclusion

The 10×10 canopy tent is readily available on the Signleader Display. It is a good choice for events and gatherings. It just needs a few considerations beforehand.

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