Opportunity Scoring is a method used by product managers and business leaders to evaluate and prioritize potential opportunities based on their potential impact, feasibility, and alignment with the organization's goals. This process helps organizations make informed decisions about which opportunities to pursue and allocate resources effectively. In this article, we will discuss the concept of Opportunity Scoring, its importance, and the steps involved in implementing it.
Organizations often face a plethora of opportunities, but not all of them are worth pursuing. Opportunity Scoring helps businesses to:
Implementing Opportunity Scoring in your organization involves the following steps:
Opportunity Scoring is a valuable tool for organizations to prioritize potential opportunities and make informed decisions about resource allocation. By implementing a systematic and objective approach to evaluating opportunities, businesses can improve their decision-making process, focus on high-impact initiatives, and ultimately achieve their strategic objectives.