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Instead of maximizing “benefit - cost” I would recommend maximizing “cost/benefit”. The former will bias towards big tasks with big payoffs, but often there ar
by theptip 4y ago
Instead of maximizing “benefit - cost” I would recommend maximizing “cost/benefit”.
The former will bias towards big tasks with big payoffs, but often there are small tasks with extremely good ROI, which will get lost if you just look at the magnitude of the net benefit.
But, +1 to the general approach of trying to put a number on it. Remember though, your numbers are uncertain, beware the McNamara fallacy.
- arglebargle123 4y agoI'm assuming that's accidentally inverted? Maximizing cost/benefit yields the most costly task for the least benefit.
- theptip 4y agoHa yes, ROI would be benefit/cost. Thanks!