The needed capabilities for business or mission success starts with the Concept of Operations. With the ConOps we can identify the needed capabilities. Below is an actual project, with increasing capabilities for an insurance firm. The order of these delivered capabilities are defined by the business strategy and the Balanced Scorecard. Both define needed capabilities, the value stream map for producing business value or mission fulfillment and the order in which these capabilities should arrive to sustain the needed business benefits from the project. The by the way the mechanism for prioritizing features, which are much lower in the hierarchy of project elements that are commonly referred to in agile community. Features fulfill requirements, requirements implement capabilities.
Customer didn't buy features or requirements, they buy the capability to do something to improve their business.
A useful method of managing the project for delivering these capabilities is the Integrated Master Plan and Intetgrated Master Schedule.