What is the MoSCoW technique specifically used for?

The MoSCoW technique is specifically used for prioritizing requirements based on necessity. This approach helps stakeholders distinguish between what is truly essential for the successful delivery of a project and what can be considered less critical. The acronym "MoSCoW" stands for Must have, Should have, Could have, and Won't have this time, providing a structured way of categorizing requirements.

By designating requirements in this manner, teams can focus their efforts on the most important features that need to be included in a project for it to be deemed successful, thus ensuring that critical functionalities are addressed first. This is particularly beneficial during times of constrained resources or tight deadlines, as it allows for more informed decision-making and helps manage stakeholder expectations.