MoSCoW Method: MoSCoW is an acronym that stands for “Must have, Should have, Could have, Won’t have.” The MoSCoW method is a priority matrix that quickly sorts options into four prioritization categories. To learn more, check out our list of downloadable user story templates. The map helps highlight the features of a product that a user is most likely to interact with and which are therefore most important. Story Mapping: Story mapping is the process of creating a hypothetical map of the user’s experience with a product. Higher scores correspond to higher-priority projects. Scoring Model: Scoring models assign a numerical value to projects based on criteria predetermined by decision-makers. Net present value takes the potential for discounted cash flow into account but leaves out many non-financial variables. Net Present Value: Net present value compares the current cost of a project to the ROI. This is a straightforward method that focuses on cash flow and does not account for potential risks or hurdles. While a project with a shorter payback period may be preferable, you should also consider the project’s duration and its potential for ongoing returns. When calculating the payback period, note both ongoing costs and income potential. Payback Period: The payback period is the time it takes to recoup the cost of an investment. Identify the features that will provide a high level of satisfaction to the end user and prioritize those projects. Kano: The Kano model suggests that the features available in a final product determine a customer’s satisfaction with that project. Here is a list of specific techniques and processes for determining project prioritization: Project prioritization processes help create frameworks to rank projects based on a consistent set of variables. 
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