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.
Service Blueprint by Hyperact
Works best for:
Research & Design
The Service Blueprint template is perfect for visualizing the orchestration of service components. It maps out frontstage and backstage elements, helping you analyze and enhance customer experiences. Use this template to align teams, identify pain points, and streamline processes, ensuring a seamless service delivery. It's ideal for creating a shared understanding of service dynamics among stakeholders and collaborators.
Idea Funnel Backlog
Works best for:
Design, Brainstorming, Agile Workflows
An Idea Funnel Backlog enables you to visualize your backlog and restrict the number of backlogged items at the top. In doing sos, you can prioritize items on your list without having to engage in unnecessary meetings or create too much operational overhead. To use the Idea Funnel Backlog, break up the funnel into different phases or treat it like a roadmap. Use the Idea Funnel Backlog as a hybrid model that combines your roadmap and backlog into one easily digestible format.
Customer Touchpoint Map Template
Works best for:
Desk Research, Product Management, Mapping
To attract and keep loyal customers, you have to truly start to understand them—their pain point, wants, and needs. A customer touchpoint map helps you gain that understanding by visualizing the path your customers follow, from signing up for a service, to using your site, to buying your product. And because no two customers are exactly alike, a CJM lets you plot out multiple pathways through your product. Soon you’ll be able to anticipate those pathways and satisfy your customers at every step.
Working Backwards Template
Works best for:
Desk Research, Strategic Planning, Product Management
Find out how to use the Working Backwards template to plan, structure, and execute the launch of a new product. Using the template, you’ll figure out if the product is worth launching in the first place.
Agenda Template
Works best for:
Project Management, Meetings, Workshops
Even when you’ve hosted meetings for years, hosting them online is different. Keeping them structured, purposeful, and on-task is key. That all starts with having a detailed agenda, and this template makes it so easy for you to create one.
Product Launch Lifecycle
Works best for:
Product Management, Planning
The Product Launch Lifecycle template guides product managers through the stages of launching new products. By outlining pre-launch, launch, and post-launch activities, this template ensures comprehensive product launch planning and execution. With sections for defining launch objectives, identifying target audiences, and tracking performance metrics, it facilitates coordinated efforts across marketing, sales, and product teams. This template serves as a roadmap for successful product launches, maximizing market impact and customer adoption.