In his book, The Principles of Product Development Flow, Don Reinertsen talks about the importance of Cost of Delay in prioritizing work. He calls it “the one thing” that should be quantified. Cost of Delay is a numeric value that describes the impact of time on the outcomes you hope to achieve. It combines urgency and value so that you can measure impact and prioritize what you should be doing first. When you think of building and releasing that first version of the product, you need to consider the trade-offs between the amount of value you can capture with the scope of the release and the
...more
