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Cost of delay
The document discusses cost of delay (CoD), which is a method for prioritizing tasks by calculating the cost or loss of value from delayed delivery. CoD is determined by considering factors like user business value, time criticality, risk reduction, and opportunity enablement. The weighted shortest job first (WSJF) method uses CoD and job size to prioritize tasks, with the highest priority given to tasks with the highest CoD relative to job size. An example exercise is provided to calculate CoD and WSJF scores for different tasks to determine priority.
Cost of delay
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- 2. www.knowledgehut.com About Me 2 ASHWINEE KALKURA Lean/AgileCoach & Continuous Learner [email protected] +91-9448060514 “The Team knows it Better” CERTIFICATIONS TRAINING PROFILE WORK EXPERIENCE
- 3. www.knowledgehut.com Why worry aboutCoD? 3 Learning is not mandatory and so is survival
- 4. www.knowledgehut.com What is Costof Delay? 4 Do we do it today or can we wait? What is the loss of opportunity if delivered late? How does the value diminish over a period of time?
- 5. www.knowledgehut.com Why is itImportant 5 How do we prioritize things? There are lot of things to develop and deliver How much are the customers willing to wait? They have other options What is the learning from delivery? We need feedback
- 6. www.knowledgehut.com How do wecalculate? 6 Not a single Parameters User Business Value Do they value A vs B? Time Criticality How critical is it for the customer? Risk Reduction and Opportunity Enablement Do we reduce any risk or there is opportunity?
- 7. www.knowledgehut.com Usages/Prioritization 7 Weighted Shortest JobFirst WSJF = CoD / Duration (Job Size) Done by a group of stakeholders to arrive at “Most Important thing to accomplish”
- 8. www.knowledgehut.com Ways to do 8 Letus do a small exercise • Take 3 tasks you want to accomplish in their order of priority Personal or Professional or a mix • Mark User Business Value, Time Criticality, RR & OE one at a time At least 1 of the task is “1” All others can be 1,2,3,5,8,13,20 • Calculate CoD • Assign value for Job Size Fibonacci series again with at least one task as “1” WSJF = CoD / Job Size Are the Priorities Same as you had in mind?