Blog: 6 Steps to Prioritizing Your Business Requirements Step 1: Understand the Purpose & Strategy for Prioritization. Step 2: List the Customer Needs. Step 3: List the Requirements. Step 4: Facilitate the Rating of the Need / Requirements Interrelationships. Step 5: Determine Technical / Development Factors. Step 6: Determine the Priority Rating. Click to see full answer. Likewise, how do you prioritize your requirements?Analyze the requirements and understand the effect of different factors listed above on the requirements. Choose the requirements prioritization technique that best suits your need and start prioritizing your requirements. Challenge the importance of requirements. Lower the priority the better it is.Similarly, how do you prioritize as a PM? Here’s how to prioritize projects in 5 easy steps: Start prioritizing projects based on business value. Set priorities by identifying urgent and important projects. Assess your own bandwidth. Learn to say no to projects. Be flexible with the project prioritization process. Furthermore, why is it important to prioritize requirements? Requirement prioritization is used in Software product management for determining which candidate requirements of a software product should be included in a certain release. Requirements are also prioritized to minimize risk during development so that the most important or high risk requirements are implemented first.How do you prioritize work in agile? 6 Tips to Prioritize Your Product Backlog Arrange the top items on your product backlog to represent your next sprint. Don’t include any task lower than second-level priority on the backlog. Create a separate list for all of those lower-priority (or longer-term) ideas and requests.