Prioritizing Features In Your MRD
When working as a Product Manager with an engineering team one of the biggest challenges you face is prioritizing what features are critical to include in your next product release. One of the most popular techniques for prioritizing features in an MRD (Market Requirements Document) or functional specification is to use the HML (High, Medium, Low) method.
Here are what the HML criteria represent:
High = Must have.
This is a critical feature that the market demands, and you would not ship the product without it. Reasons to rank a feature high might include revenue implications (will lose a big customer deal if it isn't in), competitive requirement to match or beat other products, strategic importance or even as a REF (Required Executive Feature - when the CEO/VP insists that a feature be included).
Medium = Nice to have.
This is an important feature that will help the product to succeed and be accepted by customers. Though you would ship the product without it, the product offering will not be as compelling if it is not included.
Low = Can wait if necessary.
This is a feature that could be dropped off the list without affecting the product's success. If it is extremely easy to develop and test it should be included in the product release. Otherwise it can be deferred if necessary.
To apply this technique assign an H, M or L to each of the features in your MRD. If you rank a feature as an H or M include one or two sentences explaining why it is important. Then have your team read through it (or present it to them in person to talk through all of the required features) before they sign off on the MRD so that you are all on the same page about what is critical for a successful release.
By the way, an excellent way to provide some context for which features are important is to use the concept of Themes for your releases. Combining HML and Themes can produce excellent results, and an MRD that is much more effective and credible for your team to work with.
About the Author:
Brian Lawley is the President of the 280 Group, the Product Marketing & Product Management Experts™. The 280 Group provides consulting, contractors, training and templates to help companies define, launch and market breakthrough new products. For more information about the 280 Group's services and toolkits (Product Roadmap, Product Launch, Beta Program, Developer Program & others) visit
www.280group.com.
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420
Date Published :
Jun 20 2007