Value-Based Prioritization Flashcards
What is Scrum Framework driven by?
The goal of delivering max business value in minimum time span.
Factors of Prioritization
- Determines & separates what must be done now
- Traditional waterfall model of project management proposes using multiple task prioritization tools
- Prioritization is a MUST!
- Setting deadlines using prioritization
Value-based prioritization
- Scrum uses this as a core principle that drives structure & functionality of Scrum Framework
What does Value-based prioritization help with?
Helps projects benefit through adaptability & iterative development.
What does Scrum aim to do?
To deliver a valuable product or service to the customer on an early/continuous basis.
What does a Product owner prioritize?
User stories in prioritized product backlog.
What does the Prioritized Product Backlog contain?
A list of all requirements needed to bring the project to life.
Product owners work with?
- Customers and Sponsors to understand which business requirements provide maximum business value.
- Scrum team to understand project risk & uncertainty
What do Scrum Teams alert?
Product owner of any dependencies that arise out of implentation.
What 3 factors are considered while Prioritizing User Stories in Prioritized product Backlog?
- Value
- Risk or Uncertainty
- Dependencies