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> But if you have one VP who wants to do A and one who wants to do B and the higher-ups want to know how much they'll both cost in order to decide which to do f
by kqr 4y ago
> But if you have one VP who wants to do A and one who wants to do B and the higher-ups want to know how much they'll both cost in order to decide which to do first...
Assuming that all efforts bring about the same value and it's only the cost that is different is a huge (but very common) mistake.
It's the other way around. Any time you're comparing two options they're likely to cost approximately the same, but it's likely one is wildly more valuable than the other. That is the thing that needs to be estimated.
- majormajor 4y agoI haven't seen an assumption of the same value, and didn't say that assumption was necessary - the decision-maker wants those value estimates too. Same basic principal - if value is X vs 3X but effort is Y vs 10Y... that's good to know. "Likely to cost approximately the same" has been very atypical in my experience. Hopefully that estimation is done even in the "straight line, not-parallel priorities, no cost estimation needed" scenario!