I have a new take on this - Planning poker with return on investment. I'm sure we all agree that things that give a lot of value with a small amount of work should take prioriry.
This would work as follows:
The stakeholders would divide into two groups, business people and developers. Business people would use planning poker to estimate the likely return of a proposed development in "return points". Developers would at the same time estimate the likely investment in "story points". "Return points" would likely be related to the amount of money the proposal would make. "Story points" would be related to the number of days development.
You can then divide return by investment to get a priority.
- If return is small, investment big, it's probably best to forget the proposal.
- If return is big, investment is small, it's a no brainer and should be done.
- If return is small, investment is small, it's a medium priority.
- A problem occurs if return is big and investment is big. This suggests there is a risk involved. To reduce the risk, the proposed development should be divided into smaller chunks.
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