Backlog Prioritization · Value matrices
Opportunity Cost
Opportunity Costs · Economic concept
There are more tasks and initiatives than resources, while prioritization criteria keep changing.
Why use it
Make priorities transparent and compare items using a common logic.
How to apply
- Define the specific management situation and desired outcome.
- Gather the minimum facts, constraints, and perspectives needed to use the tool.
- Apply Opportunity Cost, make key assumptions explicit, and compare the result with realistic alternatives.
- Record the decision, next owner or action, and a testable criterion for the next step.
Output
A transparent priority order and rationale.