What is the MoSCoW Prioritization template?
Prioritize your requirements with a simple method defining must-haves, should-haves, could-haves, and won’t-haves. Analyze the market or your product together with stakeholders or folks from different departments to define in which direction you want to evolve. Establish a hierarchy of project priorities, costs, or necessities as soon as possible to start the delivery.
Use a timeline for your project and determine what must be completed first for a successful outcome. Discuss features that should fulfill customers’ wishes and expectations and include working on them in your plan. List all the ideas that appeared during the brainstorming that could bring value to your product but are not that essential yet. Finally, make notes of ideas you would like to include in your product but won’t for some reason.
What are the benefits of the MoSCoW Prioritization template?
Thanks to MoSCoW prioritization, you can:
- Agree on companywide and interdepartmental project priorities.
- Provide a more defined direction to your everyday work, thanks to the Must and Won’t category.
- Get aligned towards goals, upcoming sprints, and releases and manage expectations easily.
- Discuss how to settle any disagreements in the prioritization process and establish how to resolve the disputes.
- Work on a good variety of initiatives by involving participants from various functional departments.