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I wonder how much that helps, obviously you can try to assign some expected value or maybe few different scenarios on how value might realize, but then you have

I wonder how much that helps, obviously you can try to assign some expected value or maybe few different scenarios on how value might realize, but then you have two different knobs to play with. If your organization has lots of politics you might be willing to "adjust" urgency of your projects by setting tighter than normal timelines or boost projected value such that your project gets chosen. More simple low-mid-hi model doesn't give that detail so people understand that it's just a guess, not exact calculation.

BarryMilo 4y ago
If nothing else, the psychological difference is invaluable. "Priority" is irrational and often arbitrary. Impact means money. Urgency means timeline. These things can be put in numbers, even if inaccurate, this is why it's much easier to build consensus around them. Regarding politics, the author mentioned aligning incentives in another comment. It seems generally necessary regardless of the method used.