Business Value Based Prioritization
Feature prioritization based on business value to increase roi.
Business value based prioritization. Scrum uses value based prioritization as one of the core principles that drives the structure and functionality of the entire scrum framework. In layman s terms a product can be considered successful only when a huge number of people use it and the owner can earn a good profit by selling it in the market. The power of a product can be judged by the kind of features it supports and how useful those features are to end users.
How to prepare agile plan with help of business value prioritization to deliver features that can earn revenue to support incremental agile delivery. The processes in which the principle of value based prioritization is put into practice are create prioritized product backlog and groom prioritized product backlog.