02.4 · Capability in Strategy

Prioritization

Deciding what to do first given limited time. It weighs value, cost, risk and timing instead of following whoever asks loudest.

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02.4.1Opportunity assessmentEvaluating whether an opportunity is worth pursuing before committing.
02.4.2Impact versus effortComparing the expected value of work with its cost.
02.4.3Risk and uncertaintyWeighing what could go wrong and how little you know.
02.4.4Cost of delayWhat it costs to do something later instead of now.
02.4.5SequencingOrdering work so each step makes the next one cheaper or safer.

Mark all 5

Where to start

3 resources

articleStart here
RICE: simple prioritization for product managers ↗
Sean McBride (Intercom) · 2018 · 7 min
The original write-up of reach, impact, confidence and effort scoring, from the team that created it.
articleStart here
Cost of delay ↗
Joshua Arnold (Black Swan Farming) · 4 min
What it costs to do something later, and why it should drive priority more than effort does.
bookGo deeper
The betting table (Shape Up, chapter 8) ↗
Ryan Singer (Basecamp) · 16 min
Choosing what to work on next as a bet with a fixed size, instead of a backlog that never ends.

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