Source: Project Smart
Published: May 2014
The MoSCoW Method
There is always more to do than time or funding permits, hence the need for prioritization.
The MoSCoW method is a prioritization technique used in management, business analysis, project management, and software development to reach a common understanding with stakeholders on the importance they place on the delivery of each requirement.
M - MUST meet this requirement to be viable, non-negotiable.
S - SHOULD meet this requirement to achieve success, important but not vital.
C - COULD meet this requirement if efficient, a nice to have.
W - WOULD like to provide this requirement in the future; re-evaluate later.
Example: Customer requirements for autonomous vehicles may be categorized as
M - MUST be safe and reliable.
S - SHOULD be more fuel-efficient than vehicles today.
C - COULD be more spacious without a need for the steering wheel.
W - WOULD be nice if it parked itself after dropping a rider off.