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There are several strategies that can be used to prioritize important features in product development. One of the most common methods is to weigh the costs and benefits of each feature. This involves assessing the value that each feature will bring to the product and comparing it to the cost of implementing it. Another strategy is to consider the impact of each feature on the overall user experience. Features that significantly enhance the user experience are often prioritized. Additionally, feedback from users can also be used to determine which features are most important. Finally, it's also important to consider the feasibility of implementing each feature. Some features may be desirable, but not feasible due to technical or resource constraints.
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With this explainer, you'll learn some advanced tools to manage product development like the pros. You'll hear some real-world examples of how these companies weigh the costs and benefits of an upcoming venture, prioritize important features and build delight into everything they create. As usual, you can download this framework to use in your own product management process. Plugin your own data and customize each slide according to your needs.
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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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