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The feature prioritization formula

When prioritizing features I came up with a formula I’d like to share with you. It's rather simple so im gonna keep it short:

Questions

When comming up with the formula I asked myself the following questions:

1. how many people want the feature? - votes on a feature

2. how valuable are these people? - MRR

3. how urgently do those people need it? - have them self identify the urgency on a given feature request

The formula

To get a number, on which you can prioritise features you simply add the MRR of all customers who voted on a certain feature and multiply it with the urgency factor on a certain feature. 

(VoterMRR + VoterMRR) * urgencyFactor = value of a feature

Now you have a subjective number you can prioritize your features on. That’s how we at FeatureHunter prioritise customer feedback.

If you have any comments or suggestions DM me: @sharpyann