{"id":7084,"date":"2017-09-25T11:40:29","date_gmt":"2017-09-25T16:40:29","guid":{"rendered":"https:\/\/actuationconsulting.com\/?p=7084"},"modified":"2017-09-25T11:40:29","modified_gmt":"2017-09-25T16:40:29","slug":"develop-ideas-prioritize-requirements","status":"publish","type":"post","link":"https:\/\/actuationconsulting.com\/develop-ideas-prioritize-requirements\/","title":{"rendered":"How Does Your Company Develop Ideas and Prioritize Requirements?"},"content":{"rendered":"

Today we\u2019ll consider responses to two more questions from the Global Study of Product Team Performance<\/em><\/a>. How do your organization\u2019s practices compare to the findings shared by survey participants?<\/p>\n

Question: How do you track, review, and develop ideas from your employees, customers, and suppliers? (Check one.)<\/strong><\/h3>\n

 <\/p>\n\n\n\n\n\n\n\n\n
Response<\/strong><\/td>\nPercentage<\/strong><\/td>\n<\/tr>\n
We have no formal processes and systems in place to track, develop, and manage ideas. It\u2019s mainly done through emails, spreadsheets, and occasional brainstorming sessions.<\/td>\n48.2%<\/td>\n<\/tr>\n
We use our CRM tool to store and manage ideas from our employees and customers.<\/td>\n14.2%<\/td>\n<\/tr>\n
We have developed our own in-house solution using a portal and document management system.<\/td>\n15.4%<\/td>\n<\/tr>\n
We use an off-the-shelf, cloud-based (or on premises) idea management system.<\/td>\n18.6%<\/td>\n<\/tr>\n
Other<\/td>\n3.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

What Responses Tell Us<\/strong><\/h2>\n

Nearly half of all respondents (48.2%) indicated that their organizations have no formal system for tracking, developing, and managing ideas. Other responses were more equally distributed including use of a CRM tool (14.2%), reliance on an in-house solution (15.4%), and use of an off-the shelf cloud or premises-based system.<\/p>\n

Question: What criteria do you use to prioritize requirements? (Check all that apply.)<\/strong><\/h3>\n

Criteria to Prioritize Requirements<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Response<\/strong><\/td>\nPercentage<\/strong><\/td>\n<\/tr>\n
Everything is a priority (nothing is a priority)<\/td>\n10.7%<\/td>\n<\/tr>\n
Thumb in the wind<\/td>\n11.5%<\/td>\n<\/tr>\n
Size\/influence of customer<\/td>\n59.9%<\/td>\n<\/tr>\n
Development cost<\/td>\n54.0%<\/td>\n<\/tr>\n
Revenue<\/td>\n50.0%<\/td>\n<\/tr>\n
Technical (architecture, stability, scalability)<\/td>\n46.8%<\/td>\n<\/tr>\n
Risk (technical risk, market risk, product risk)<\/td>\n44.4%<\/td>\n<\/tr>\n
Profitability<\/td>\n42.1%<\/td>\n<\/tr>\n
Key internal stakeholder influence<\/td>\n38.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

A Closer Look at Responses<\/strong><\/h2>\n

Nearly 60% of respondents indicated that the size\/influence of a customer is a primary way their organizations prioritize requirements. Respondents also highly rated development cost (54.0%), revenue (50%), technical criteria (46.8%), risk (44.4%), profitability (42.1%), and key internal stakeholder influence (38.9%). It is reassuring that thumb in the wind and treating everything as a priority ranked much lower as criteria for prioritizing requirements. These two earned just 11.5% and 10.7% responses respectively.<\/p>\n

Coming Up<\/strong><\/h2>\n

Next week we\u2019ll take a closer look at team product backlog. We\u2019ll also consider which product development requirement format makes on-boarding new employees easier.<\/p>\n

 <\/p>\n

Advancing the Profession of Product Management\u2122<\/strong>
\nwebsite<\/a>\u00a0I\u00a0consulting<\/a>\u00a0I\u00a0training<\/a>\u00a0I\u00a0toolkits<\/a>\u00a0I\u00a0books<\/a>\u00a0I\u00a0blog<\/a>\u00a0I\u00a0twitter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Today we\u2019ll consider responses to two more questions from the Global Study of Product Team Performance. How do your organization\u2019s practices compare to the findings shared by survey participants? Question: …<\/p>\n","protected":false},"author":1,"featured_media":7088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[41,331,330,315,46,47,362,48,49,50,51,326,248,53,54],"tags":[56,337,105,412,413,154,161,194,197,391,344],"class_list":["post-7084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agile","category-disruptive-product","category-innovation","category-marketing-2","category-product-management","category-product-management-facts","category-product-manager","category-product-marketing","category-product-owner-2","category-product-teams","category-project-management","category-strategy","category-take-charge-product-management","category-the-study-of-product-team-performance","category-user-experience","tag-actuation-consulting","tag-agile","tag-greg-geracie","tag-ideation","tag-prioritization","tag-product-development","tag-product-management-2","tag-product-owner","tag-product-team","tag-requirements","tag-the-study-of-product-team-performance"],"yoast_head":"\nHow Does Your Company Develop Ideas and Prioritize Requirements? - Actuation Consulting<\/title>\n<meta name=\"description\" content=\"Our latest research shows which requirements prioritization measures are most commonly used world-wide. 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