How do you prioritize new feature development for your product?

Question

Maryna Kotenko · Accepted Answer

Looking into data and see what features could increase revenue, and those ones become priority.

Victor Crum · Answer

We prioritize new feature development by analyzing customer feedback and market trends, ensuring the most impactful and in-demand features are addressed first. Additionally, we assess the technical feasibility and resource availability to determine the development timeline.

Gurkaran Singh · Answer

When deciding on new features, we blend customer feedback like a smoothie, sprinkle in market trends like seasoning, and top it off with a dash of innovation to create a tech masterpiece!

Cristian Stoian Urzica · Answer

By asking your users. They know it better :)

Sol Yousefi ☀️ · Answer

When developing new features for our product, we prioritize based on user feedback and data-driven insights, ensuring we meet the needs of our users effectively.

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Shadman Nazim · Answer

I think balancing user needs with market trends is key. Often, the best features are those users don’t ask for but love once they are available. Founders will have varied opinions.

Chuck Alvarez · Answer

When prioritizing new feature development, we consider factors like customer feedback, market trends, and business goals. We focus on features that will have the most impact on user satisfaction, retention, and revenue generation.

Shadman Nazim · Answer

@cristian_stoian_urzica Bullseye! 🎯

Shadman Nazim · Answer

@victor_crum Hi5!

Answer

Many people's first thought is to listen to what their customers have to say, but the reality is much more complicated, the problem is that there are too many demands and resources are really limited, so prioritizing is very important.
There are three common prioritization assessment criteria
1. Problem size: The number and frequency of user requests for the requirement, the number of users affected by the problem, and the frequency of the problem/functionality to determine how big the problem is and whether it deserves to be prioritized.
2. Business Value
Target: business, BD, business-related departments, various stakeholders
Prioritize the issues with the greatest commercial value, which may be immediately profitable or may help the team to capture more market needs in the future.
3. Resource considerations
Target: designers, R&D engineers, QA
Work with the technical team to determine the technical feasibility, resource requirements, and dependency on other functions to decide which solution to use at this stage to solve the problem.

How do you prioritize new feature development for your product?

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