Value-Based Prioritization Techniques Flashcards
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Which prioritization framework calculates priority by dividing the Cost of Delay by job duration?
Answer: Weighted Shortest Job First (WSJF)
WSJF (Weighted Shortest Job First) divides the Cost of Delay by job size/duration to determine economic sequencing priority.
In the Kano Model, which category describes features that customers expect as a baseline and cause dissatisfaction when absent but little delight when present?
Answer: Basic (Must-be) features
Basic (Must-be) features are table-stakes that customers expect; their absence causes dissatisfaction but their presence does not generate proportional satisfaction.
In the MoSCoW prioritization framework, which category represents features that are critical and must be delivered for the product to be considered viable?
Answer: Must have
Must have items are non-negotiable requirements; without them the product cannot be launched or would fail to meet its core purpose.
Which technique involves giving stakeholders a fixed budget of play money to spend on the features they value most?
Answer: Buy-a-Feature
Buy-a-Feature uses a simulated currency budget to surface stakeholder priorities through economic trade-off decisions rather than free-form wish lists.
In WSJF, the Cost of Delay is composed of which three component factors?
Answer: Business value, time criticality, and risk reduction/opportunity enablement
SAFe's WSJF model breaks Cost of Delay into business value, time criticality, and risk reduction/opportunity enablement to create a composite CoD score.
Which prioritization approach orders backlog items based on the ratio of value delivered relative to the effort required?
Answer: Value-to-Effort ratio
The Value-to-Effort ratio directly orders items by their return on investment, ensuring high-value, low-cost items are delivered first.
The 'Cost of Delay' concept in prioritization primarily helps a Product Owner to:
Answer: Understand the economic impact of deferring a feature over time
Cost of Delay quantifies what value is lost per unit of time when a feature is not delivered, enabling economically rational prioritization decisions.