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.
Business Model Canvas Template
Works best for:
Leadership, Agile Methodology, Strategic Planning
Your business model: Nothing is more fundamental to who you are, what you create and sell, or ultimately whether or not you succeed. Using nine key building blocks (representing nine core business elements), a BMC gives you a highly usable strategic tool to develop and display your business model. What makes this template great for your team? It’s quick and easy to use, it keeps your value proposition front and center, and it creates a space to inspire ideation.
Communications Plan Template
Works best for:
Marketing, Project Management, Project Planning
You saw the opportunity. You developed the product. Now comes an important step: Find your audience and speak to them in a way that’s clear, memorable, and inspiring. You need a communications plan—a strategy for controlling your narrative at every stage of your business—and this template will help you create a good one. No need to build a new strategy every time you have something to communicate. Here, you can simplify the process, streamline your messaging, and empower you to communicate in ways that grow with your business.
REAN Template
Works best for:
Marketing, Strategic Planning, Meetings
First introduced in Cult of Analytics, the REAN model is used to measure and understand the efficacy of marketing efforts. REAN stands for Reach, Engage, Activate, and Nurture, the main stages a marketer’s audiences experience during a typical journey. The REAN model helps marketing teams develop useful KPIs that can help capture how well their marketing or ad campaigns are working. Many teams rely on the REAN model because it is adaptable to a variety of marketing efforts, including planning measurement frameworks, setting goals, deciding on objectives, and mapping digital marketing channels.
Prune the Product Tree Template
Works best for:
Design, Desk Research, Product Management
Prune the Product Tree (also known as the product tree game or the product tree prioritization framework) is a visual tool that helps product managers organize and prioritize product feature requests. The tree represents a product roadmap and helps your team think about how to grow and shape your product or service by gamifying feedback-gathering from customers and stakeholders. A typical product tree has four symbolic features: the trunk, which represents the existing product features your team is building; the branches, each of which represents a product or system function; roots, which are technical requirements or infrastructure; and leaves, which are new ideas for product features.
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.
Brand Guidelines Template
Works best for:
Design, Marketing, Documentation
What makes a strong brand? It’s having a well-defined personality, expressed with consistency at every touchpoint, and brand guidelines can help you do it. Brand guidelines are a clear list of rules—all the dos and don’ts—that cover details like colors, fonts, logo usage, photography, and brand voice. They help ensure that employees across a whole company or organization know how to display or speak about the brand. Miro’s whiteboard tool is the perfect canvas for creating brand guidelines, sharing them, and updating them.