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.
Mandala Chart Template
Works best for:
Planning, Brainstorming, Goal setting
The Mandala Chart Template helps you visualize the relationships between a central theme and its sub-themes. One of the key benefits is how it fosters a holistic understanding of any topic. This perspective ensures every detail is noticed, making it an invaluable asset for those aiming for comprehensive insight and thorough planning or a better understanding of their goals.
Breakout Group Template
Works best for:
Education, Team Meetings, Workshops
Breakout groups provide an excellent opportunity for teammates to have candid conversations and connect on a more intimate level than is possible during a broader meeting. When you’re in a large group setting, it can be difficult for people to feel safe or comfortable speaking up. In a smaller group, participants can feel safer sharing their ideas. Since the group is more intimate, teams are empowered to participate rather than observe.
PI Planning Template
Works best for:
PI Planning, Product Management
The Miro PI Planning Template streamlines the Program Increment planning process for Agile teams. It facilitates a collaborative environment, enabling teams to efficiently align on strategies, identify dependencies, and convert decisions into actionable tasks. With features like real-time collaboration, Jira integration, and a centralized workspace, the template supports teams in enhancing efficiency, engagement, and decision-making.
Features Prioritization Tool
Works best for:
Agile
The Features Prioritization Tool offers a systematic approach to prioritizing product features based on criteria such as value, effort, and strategic alignment. It provides a structured framework for capturing, evaluating, and ranking feature ideas, enabling teams to make informed decisions about what to build next. With customizable scoring mechanisms and visual dashboards, this template empowers product teams to optimize their product roadmap and deliver maximum value to customers, driving competitiveness and market success.
Calendar 2024 - a Year timeline
Works best for:
Strategy, Planning
The Calendar 2024 a year Timeline template is perfect for planning and organizing your year. It helps you schedule important dates, track annual goals, and stay on top of deadlines. This template ensures you have a clear overview of your year ahead.
Gantt Chart Project
Works best for:
Strategy, Planning
The Gantt Chart Project template is a versatile tool for managing various types of projects. It provides a clear visual timeline of your project's tasks, deadlines, and dependencies. Use it to plan, execute, and monitor your project's progress, ensuring all activities are aligned and on track. This template enhances team collaboration, improves time management, and helps address potential bottlenecks for successful outcomes.