Overview | |||
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Applicability | Scrum and Kanban based projects | ||
Definition (Hover Text) | is a prioritization framework Cost of Delay is an indicator that helps a business quantify the economic value gain or loss of completing a project feature sooner as opposed to later. | ||
Source Tools | Jira, Azure Board | ||
Graph type | Line chart | ||
Filters | - | ||
Hover Format on KPI | Month: <<Count>>No. of Epics: <<Count>><<YYYY-MM>> Cost of Delay: <<Sum of CoD of all planned epics or features>> | ||
Fields on Explore Overlay |
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Business Logic | |||
Calculation Formula | It is calculated by adding the following parameters for a an Epic or a Feature CoD = User-Business Value + Time Criticality + Risk Reduction and/or Opportunity Enablement. | ||
Trend | Higher The higher the CoD for a feature or an Epic, the more valuable it is for the Business or a Projecturgent the feature, epic ,or product is. | ||
Maturity Levels | Instance level thresholds | ||
Configurations | |||
Processor Fields | KPI Specific fields | Not defined | |
Global Mapping Configurations ( Field Mapping ) | |||
Processor Fields | NA | ||
Mandatory fields | Project Settings
Ensure the below field mappings are defined in the Global field mappings for your project | ||
How to Validate KPI | |||
Suggested ways of working | Sample JQLs | ||
Benefits of KPI | How does the KPI help |
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Best Practices | |
Quantify Value and Urgency | Clearly define and quantify the value and urgency of each feature or task to calculate CoD effectively. |
Use a Framework | Implement frameworks like WSJF (Weighted Shortest Job First) that incorporate CoD to prioritize work effectively. |
Balance Short and Long-Term Goals | Ensure that the prioritization process considers both short-term gains and long-term strategic goals. |
Benefits of KPI | |
Prioritization | CoD helps teams make informed decisions about which features or tasks to prioritize by highlighting the economic impact of delays. |
Focus on Value Delivery | By understanding CoD, teams can focus on delivering the most valuable features sooner, maximizing return on investment. |
Resource Allocation | Helps in better allocation of resources to tasks that yield the highest economic benefit when delivered early. |
Risk Management | Identifies high-risk areas where delays could have significant financial consequences, enabling proactive risk mitigation. |
Alignment with Business Goals | Ensures that the team's work aligns with the broader business objectives by prioritizing tasks that contribute most to the organization's goals. |