Bang for the Buck Template
Use our Buck Template to prioritize epics and stories and identify priorities in the early stages of development as part of your Agile workflow.
About the Bang for the Buck template
What is Bang for the Buck?
Bang for the Buck is a strategy for facilitating collaboration between the product manager and development teams. The goal is to prioritize backlog items. Rather than moving through your agenda without prioritizing what needs to get done, the Bang for the Buck model empowers you to identify the costs and benefits associated with various tasks. You can then assign scores to each task based on the “bang for your buck” you can expect to get from the task. With your scores in hand, you can then organize your tasks based on the order in which you can complete them. Finally, graph each task according to cost and value so you can start checking things off of your to-do list.
How does the Bang for the Buck work?
The Bang for the Buck model consists of a graph with the value of your items on the y-axis and the cost on the x-axis. Each axis is organized as a Fibonacci number. Write down the tasks on your backlog. With your teammates, discuss where each item belongs on the graph. The product manager’s job is to focus on the value of the task, while the development team should focus on the cost of the task. These various stakeholders allow you to get multiple perspectives on your tasks. When your graph is finished, you can follow your graphed items in a clockwise order to maximize efficiency.
How do you use the Bang for the Buck template?
Team members can create sticky notes to represent the tasks they have for an upcoming sprint. You can color-code the notes to make it easy to keep track of which tasks belong to which person. Invite your team members to collaborate on the board, using the @mention features and video chat to discuss items in more detail. Any changes made to the board will be visible in real-time.
Who should use the Bang for the Buck template?
Any team that follows the sprint workflow can use the Bang for the Buck template to prioritize tasks for an upcoming sprint. The team may work together to decide on the values for different tasks, with input from the product manager to ensure tasks are assigned the correct value.
Get started with this template right now.
3 Horizons of Growth Template
Works best for:
Leadership, Strategic Planning, Project Planning
Featured in The Alchemy of Growth, this model gives ambitious companies a way to balance the present and the future—in other words, what’s working in the existing business and what emerging, possibly-profitable growth opportunities lie ahead. Then teams across the organization can make sure that their projects map to and support the organization’s goals. The 3 Horizons of Growth model is also a powerful way to foster a culture of innovation—one that values and depends on experimentation and iteration—and to identify opportunities for new business.
App Development Canvas Template
Works best for:
Market Research, Product Management, User Experience
Ever noticed that building a successful app requires lots of players and moving parts? If you’re a project manager, you definitely have. Lucky for you, an app development canvas will let you own and optimize the entire process. It features 18 boxes, each one focusing on a key aspect of app development, giving you a big-picture view. That way you can fine-tune processes and get ahead of potential problems along the way—resulting in a smoother path and a better, tighter product.
Ansoff Matrix Template
Works best for:
Leadership, Operations, Strategic Planning
Keep growing. Keep scaling. Keep finding those new opportunities in new markets—and creative new ways to reach customers there. Sound like your approach? Then this template might be a great fit. An Ansoff Matrix (aka, a product or market expansion grid) is broken into four potential growth strategies: Market Penetration, Market Development, Product Development, and Diversification. When you go through each section with your team, you’ll get a clear view of your options going forward and the potential risks and rewards of each.
Startup Canvas Template
Works best for:
Leadership, Documentation, Strategic Planning
A Startup Canvas helps founders express and map out a new business idea in a less formal format than a traditional business plan. Startup Canvases are a useful visual map for founders who want to judge their new business idea’s strengths and weaknesses. This Canvas can be used as a framework to quickly articulate your business idea’s value proposition, problem, solution, market, team, marketing channels, customer segment, external risks, and Key Performance Indicators. By articulating factors like success, viability, vision, and value to the customer, founders can make a concise case for why a new product or service should exist and get funded.
Product Monetization Canvas
Works best for:
Product Management, Planning
The Product Monetization Canvas template assists product managers in developing effective monetization strategies. By mapping out revenue streams, pricing models, and value propositions, this template helps align product features with revenue generation opportunities. With sections for analyzing market demand and competitive pricing, it enables teams to optimize monetization strategies and maximize profitability. This template serves as a strategic guide for identifying and capitalizing on revenue opportunities throughout the product lifecycle.
Innovation Matrix Template
Works best for:
Strategic Planning
Visualize the best way to grow your business with this Innovation Matrix template. It’ll show you how to streamline your innovation, make the right decisions about which areas of your business to innovate, and manage the entire process. So if you want to figure out the best way to innovate in your business, an innovation matrix can help.