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A product feature prioritization matrix in product management is used to determine which features are the most feasible and the best strategic fit for a product. It helps in identifying the value of a project. If a project has low feasibility and low strategic fit, then it's considered a low-value project. On the other hand, a project with high strategic fit but low feasibility cost is considered a low hanging fruit and should definitely be implemented.
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Last, a product feature prioritization matrix can be used to determine which features are the most feasible and the best strategic fit. If a project has low feasibility and low strategic fit, then it's a low-value project, while a project with high strategic fit but low feasibility cost, is a low hanging fruit and should definitely be implemented. (Slide 6)
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How do you take your product management to the next level? Due to popular demand, we've expanded our Product Development Toolkit to include more tools...
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