Product Priotization has to be a continuous exercise. Teams continually reprioritize items in their backlog to ensure they are spending time on the right things.<\/p>\n\n\n\n

A few surveys (ex. one conducted by www.productplan.com) shows that more than 40% of the Product Owners, do a weekly prioritization.<\/p>\n\n\n\n

Having said that, there is not exact frequency set as silver bullet. Every team arrives at their sweet spot by balancing their constraints and opportunities.<\/p>\n","post_title":"CHOW #130 - Frequency of prioritization","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"chow-130-frequency-prioritization","to_ping":"","pinged":"","post_modified":"2024-01-29 12:49:44","post_modified_gmt":"2024-01-29 12:49:44","post_content_filtered":"","post_parent":0,"guid":"http:\/\/pm-powerconsulting.com\/?p=11347","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11339,"post_author":"28","post_date":"2018-12-17 13:57:18","post_date_gmt":"2018-12-17 08:27:18","post_content":"\n

At any given time, Product Backlog contains features \/ user stories at myriad sizes with varying levels of details. As the backlog evolves over a period, teams usually would keep the important and clear stories at the top. This is achieved by regular prioritization.<\/span><\/p>\n\n\n\n

What is Product Prioritization?<\/strong><\/p>\n\n\n\n

Product Prioritization is the cadence of keeping relatively significant (that is contextual) features at the top for the teams to work on. <\/span><\/p>\n\n\n\n

Why do we need Prioritization?<\/strong><\/p>\n\n\n\n

The <\/span>Pareto principle<\/b> (also known as the <\/span>80\/20 rule<\/b>, the <\/span>law of the vital few,<\/b> or the <\/span>principle of factor sparsity<\/b>)<\/span>[1]<\/span><\/a>[2]<\/span><\/a> states that, for many events, roughly 80% of the effects come from 20% of the causes.<\/span>[3]<\/span><\/a> Management consultant<\/span><\/a>Joseph M. Juran<\/span><\/a> suggested the principle and named it after Italian <\/span>economist<\/span><\/a> Vilfredo Pareto<\/span><\/a>. Essentially, Pareto showed that approximately 80% of the land in Italy was owned by 20% of the population. (<\/span>https:\/\/en.wikipedia.org\/wiki\/Pareto_principle<\/span><\/a>)<\/span><\/p>\n\n\n\n