Define Product Requirements ๐:
Objective: Understand what the product needs to achieve.
Guidelines: Identify key features, the target audience, budget, and deadline.
Excel Template:
Key Features | Description | Target Audience | Budget | Deadline |
---|---|---|---|---|
Feature 1 | Description | |||
Feature 2 | Description |
Evaluate Available Solutions ๐:
Objective: Research existing solutions in the market that meet your requirements.
Guidelines: Look at competitorsโ products, read user reviews, consider free and paid solutions.
Excel Template:
Competitor Products | Description | User Reviews Summary | Potential Solutions (Free) | Potential Solutions (Paid) |
---|---|---|---|---|
Product 1 | Description | Summary | Free Solution 1 | Paid Solution 1 |
Product 2 | Description | Summary | Free Solution 2 | Paid Solution 2 |
Assess In-House Capabilities ๐ :
Objective: Evaluate your team's skills, resources, and capacity.
Guidelines: Assess your team's skills and resources, analyze your team's workload and capacity.
Excel Template:
Team Skills | Description | Resources | Workload and Capacity |
---|---|---|---|
Skill 1 | Description | Resource 1 | Capacity Description |
Skill 2 | Description | Resource 2 | Capacity Description |
Cost-Benefit Analysis ๐น:
Objective: Compare the cost of building vs. buying.
Guidelines: Estimate costs for both scenarios, consider short-term and long-term benefits.
Excel Template:
Scenario | Short-term Benefits | Long-term Benefits | Build Cost | Buy Cost |
---|---|---|---|---|
Building | Description | Description | Input cost | |
Buying | Description | Description | Input cost |
Risk Assessment ๐ฒ:
Objective: Consider the risks associated with both options.
Guidelines: Identify potential risks for each option, evaluate impact and likelihood of risks.
Excel Template:
Risks (Building) | Description | Impact and Likelihood (Building) | Risks (Buying) | Description | Impact and Likelihood (Buying) |
---|---|---|---|---|---|
Risk 1 | Description | Impact and Likelihood Description | Risk 1 | Description | Impact and Likelihood Description |
Risk 2 | Description | Impact and Likelihood Description | Risk 2 | Description | Impact and Likelihood Description |