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Monopoly Money

A prioritization technique where stakeholders receive a pretend budget equal to the project funds and are asked to spend this fake money across user stories. Their allocations indicate what they are most willing to fund, revealing the relative priority of each story.

Key Points

  • Simulates real budget trade-offs without spending actual money.
  • Prioritization is based on willingness to pay, not simple voting.
  • Works well during backlog refinement, release planning, or roadmap discussions.
  • Results can be tallied to produce a ranked backlog and combined with effort to assess value-to-cost.

Example

The product owner gives key stakeholders a notional USD 1,000,000 budget in play money and asks them to distribute it across 12 user stories. Stakeholders allocate USD 300k to online payments, USD 250k to fraud detection, USD 200k to reporting, and smaller amounts to others. The team uses the totals to order the backlog, focusing first on payments and fraud detection.

PMP Example Question

During backlog refinement, the team wants to rank features by how much the customer would fund them without spending real money. Which technique should the project manager use?

  1. Kano analysis
  2. Monopoly Money
  3. Planning Poker
  4. MoSCoW prioritization

Correct Answer: B — Monopoly Money

Explanation: Monopoly Money uses a pretend budget that stakeholders allocate to user stories, revealing priorities based on willingness to pay.

Advanced Project Management — Measuring Project Performance

Move beyond guesswork and status reporting. This course helps you measure real progress, spot problems early, and make confident decisions using proven project performance techniques. If you manage complex projects and want clearer visibility and control, this course is built for you.

This is not abstract theory. You’ll work step by step through Earned Value Management (EVM), learning how cost, schedule, and scope come together to show true performance. You’ll build a solid foundation in EVM concepts, understand why formulas work, and learn how performance data actually supports leadership decisions.

You’ll master Work Breakdown Structures (WBS), control accounts, and budget baselines, then apply core EVM metrics like EAC, TCPI, and variance analysis. Through a detailed real-world example, you’ll forecast outcomes, analyze trends, and understand contingencies and management reserves with confidence.

Learn how experienced project managers monitor performance, communicate results clearly, and take corrective action before projects slip. With practical exercises and hands-on analysis, you’ll be ready to apply EVM immediately. Enroll now and start managing performance with clarity and control.



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