Exercise - Priority Calculations
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Situation
Priority calculations determine the urgency or importance of tasks, incidents,
or projects using weighted formulas...
Common approaches include
- multiplying impact by urgency
- dividing value by effort
- summing weighted criteria
to produce a numerical score.
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Common Prioritization Formulas
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I. RICE Scoring (Product/Agile):
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- Reach: Number of beneficiaries per 120 days.
- Impact: Massive (3), High (2), Medium (1), Low (0.5), Minimal (0.25).
- Confidence: High (100%), Medium (80%), Low (50%).
- Effort: Person-months.
score = (Reach × Impact × Confidence / Effort)
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II. Incident Priority/ITIL:
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i. (Based on numerical values, e.g., 1-4, where higher is more urgent).
ii. Weighted Scoring (Value vs. Cost):
iii. Higher scores indicate higher priority.
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III. Simplified Task Priority:
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i. Subjective 1-10 scale for each factor.
ii. Return on Investment (ROI) Priority: (Sometimes multiplied by Confidence).
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IV. Priority Components
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i. Impact: The breadth and depth of an incident's effect.
ii. Urgency: How quickly a resolution is required.
iii. Severity: The technical severity of a problem.
iv. Effort/Cost: Resources required to complete the task.
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V. Common Approaches
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i. Eisenhower Matrix:
- Combines Urgency and Importance to decide, schedule, delegate,
or delete tasks.
ii. Value vs. Effort Matrix:
- Focuses on "quick wins" (high value, low effort).
iii. Weighted Factors:
- Assigning numerical weights (0–10) to factors like confidence,
relevance, and asset criticality.
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...mmm...
…
...mmmhmmm…!!…
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-> NEED to compare two of the formulas against the same set of tasks
and decide which is the optimal calculation...
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...yes...
...and alright then...
...and now we're in..
...and un light...
...un...
...mmmn… …
…
…
ohh…!..
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