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VALUE-BASED PRIORITIZATION

The first step in setting up a value-oriented prioritization process is to understand the value stream, value proposition and value stream analysis of the business framework which will help to identify and prioritize the requirements based on value.

Even if the business values of the requirements are same, the project manager needs to prioritize the requirement keeping the rework in mind. For example, while constructing a house, the value of the floor, wall, ceiling all are equally important for the builder. But the construction happens in the order of the floor first and then the wall and finally the ceiling. Suppose, the ceiling is constructed first, extra efforts have to be put in to move the ceiling to the top which is waste of time (waste). The fundamental principle of Agile is eliminating any waste out of the system, which is called value stream mapping. Prioritization also ensures that the most essential fundamental skeletons are build first before improving the skeletons. Cust....


  

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