Ever wondered how to assess the predicted value of features for our product? Then you might want to try the business value poker. It’s a collaborative way to estimate the relative business value of features, helping us prioritize development efforts.
Here’s the gist:
- Deck of Value: We use a deck of cards with point values representing different levels of business value (e.g., 100 points for a minor improvement, 1000 points for a game-changer). A card set for story estimation like agile teams use (with the fibonnaci numbers) is even better.
- Poker-Style Estimation: Each stakeholder secretly selects a card reflecting their estimate of a feature’s business value. We then reveal the cards together, sparking discussion and encouraging everyone to consider different perspectives.
- Transparency and Alignment: Business Value Poker fosters open communication around the value proposition of each feature. This transparency helps us achieve buy-in from stakeholders and ensure we’re prioritizing the features that will deliver the most impactful results.
Example: Imagine a new feature allowing personalized product recommendations. Stakeholders might consider it a “500 point” feature due to its potential to boost sales. Through discussion, others might point out it requires significant development effort, potentially leading to a revised estimate. (Please keep in mind: the business value poker is not a “win or loose” shootout, it’s an inivitation for conversation!)
Links:
https://medium.com/@MagnusDahlgren/determining-value-using-value-poker-980cb2a1e432
Albrecht Günther 