Building a successful product isn’t just about adding features. It’s about choosing the right features—the ones that balance what users want with what drives business growth. This delicate balance is where the Chief Product Officer (CPO) excels. A CPO ensures that every feature added to a product serves a purpose, whether it’s enhancing the user experience, boosting revenue, or supporting long-term business goals.
For companies without a full-time CPO, outsourcing the role can provide expert leadership for making these tough decisions. An outsourced CPO brings fresh perspectives, strategic insights, and the ability to prioritize effectively, ensuring your product remains valuable to both users and the business.
Prioritising features is about more than just deciding what to build next. It’s about aligning your product roadmap with customer needs and company objectives. Without a clear prioritisation strategy, you risk wasting resources on features that don’t resonate with users or fail to move the needle for the business.
The right feature prioritisation strategy ensures that:
The major thing about outsourcing the CPO role is that the outsourced CPO would have worked on a lot of different projects for different businesses, which allows him/her to understand and know how different businesses function, so that expertise allows for prioritising the important features. Here’s how an outsourced CPO strikes the balance between user needs and business goals:
The first step in prioritising features is understanding what users actually need. An outsourced CPO gathers insights from customer feedback, surveys, and user behaviour data to identify pain points and gaps in the product.
For example, if users frequently abandon the checkout process in an e-commerce app, a CPO might prioritise improving the checkout flow before adding new features.
Every feature should support a larger business objective, whether it’s driving revenue, improving retention, or expanding into new markets. An outsourced CPO works with leadership to align the product roadmap with these goals as the outsourced CPO actually understands how the business functions and can understand how user joruney can impact business operations and the other way around.
For instance, if a SaaS company’s goal is to reduce churn, the CPO might prioritise features that improve user onboarding or enhance customer support.
An outsourced CPO uses proven frameworks to evaluate and prioritise features. One popular method is the RICE scoring model (Reach, Impact, Confidence, Effort), which helps rank features based on their potential value and feasibility.
For example, a social media platform might evaluate a new messaging feature using RICE. If the feature scores high on reach and impact but requires minimal effort, it could become a top priority.
Not every feature needs to deliver immediate results. An outsourced CPO ensures the product roadmap includes a mix of quick wins that show immediate value and long-term projects that support strategic growth.
For instance, a fitness app might prioritise adding a quick calorie tracker as a fast win while also investing in a long-term project to integrate wearable device support.
Feature prioritisation isn’t a solo effort—it requires input from across the organization. An outsourced CPO brings together teams from engineering, marketing, sales, and customer support to ensure that all perspectives are considered.
For example, the sales team might advocate for features that attract enterprise customers, while the marketing team pushes for user-friendly enhancements. The CPO ensures these priorities align with the overall product strategy.
Not every feature will be a success. An outsourced CPO prioritises testing new features with a small group of users before rolling them out widely. This approach allows for adjustments based on real-world feedback.
For instance, a productivity app might launch a new collaboration feature to a beta group. Based on user feedback, the CPO can tweak the feature before making it available to all users.
Here’s a real-world scenario. A mid-sized software company was struggling to decide between building a feature requested by enterprise clients and enhancing the user experience for individual customers. They brought in an outsourced CPO to guide the process.
The CPO used a prioritisation framework to evaluate both options. While the enterprise feature had the potential to drive significant revenue, the user experience enhancement addressed a key pain point for a large segment of the customer base. The CPO recommended focusing on the user experience enhancement first, which improved retention rates and created a more solid foundation for enterprise growth. This balanced approach delivered immediate and long-term benefits.
Outsourcing your CPO role ensures you have access to experienced leadership for feature prioritization. Here’s why it works:
Feature prioritisation is about making tough decisions that balance user needs with business goals. By focusing on user pain points, aligning features with strategic objectives, and leveraging proven frameworks, a CPO ensures that every feature added to your product delivers real value.
Outsourcing the CPO role provides the expertise and objectivity needed to prioritise effectively. With their guidance, your product roadmap will be clearer, your resources will be better allocated, and your product will deliver results for both your users and your business.