The advance of technology and business needs have triggered user requirements to evolve almost every day. It is therefore impossible to fulfill the requirements at once. Agile have been introduced to mitigate such issues by implementing user requirements incrementally and iteratively by Selecting couple of requirements to be implemented in iterations and This can be achieved by performing continuous requirements prioritization.

We You could prioritize based on what your customers want, what your internal stakeholders want, what you think the impact will be based on value and the list goes on… but what about cost? At the end of the day, you’re in a business to make money, and that makes Cost of Delay the most important measure to your bottom line.

To be clear, Cost of Delay helps understand and quantify the impact of time on the outcomes we hope to achieve. In other words, it offers a simple way to calculate how much the time it takes to develop a new feature, including any time spent waiting in a backlog, will end up costing your business. And it calculates this Cost of Delay by taking into account both value and urgency. To make decisions, we need to understand not just how valuable something is, but how urgent it is.

#agile #businessagility #agility