The MoSCoW method is a prioritization technique used in project management to help teams decide which tasks or features to focus on. The acronym stands for Must have, Should have, Could have, and Won't have. This framework allows stakeholders to categorize requirements based on their importance, ensuring that essential elements are completed first. By using the MoSCoW method, teams can effectively communicate priorities and manage expectations. It helps in aligning project goals with available resources, making it easier to adapt to changes. This method is particularly useful in agile environments, where flexibility and responsiveness are key to success.