BA Techniques: Prioritization

Purpose

Prioritization provides a framework for business analysts to facilitate stakeholder decisions and to understand the relative importance of the business analysis information.
Business Analysis Body of Knowledge® (BABOK®)

Prioritization is the activity that arranges the items in the order of importance relative to each other. Anything that demands the time or resources can be prioritized including the strategies, projects, tasks, investments, and customers. Prioritization is the basic business technique which is the fundamental basis for decision making. In the product management, initiatives in the backlog must be prioritized as a means of deciding what should be developed next. Prioritization is the process of initiating the project and procedures based upon both the immediate and long-term needs of an organization. The process is driven with a strategic vision from the top of the project and with the input of various sources regarding the project. The main functions of prioritization are time management, project management, and decision making.

Prioritization is the process used to determine the relative importance of business analysis information. The importance may be based on risk, value, difficulty of implementation, or other criteria. These priorities is used to determine which business analysis information should be targeted for further analysis of which requirements should be implemented first. When choosing this technique, business analysts consider the audience, their needs, and their opinions on the value of requirements or the business analysis information that brings to the stakeholders respective area. Business analysts revisit the priorities and utilize different approaches when changes occur in the business requirement, and in the business analysis information or in the stakeholders decisions.

Some of the articles related to Prioritization techniques are as follows,

• Prioritization Technique - https://www.booklibrarian.com/pdfepub/lacharity-delegation-and-prioritization-pdf/
• Prioritization Management - https://www.medicosrepublic.com/prioritization-management-of-care-for-the-nclex-rn-exam-pdf-free-download/
• Activities of Prioritization - https://workshopbank.com/prioritization-activities
• Proper Prioritization Technique - https://www.cognizant.com/whitepapers/Proper-Product-Backlog-Prioritization.pdf
• Guide to Prioritization Technique - https://www.naccho.org/uploads/downloadable-resources/Gudie-to-Prioritization-Techniques.pdf
• Successful Methods for Prioritization - https://blog.ganttpro.com/en/prioritization-techniques-and-methods-for-projects-with-advantages-of-moscow-model/
• Prioritization Process - https://www.researchgate.net/publication/291978730_A_prioritization_process
• Prioritization with Productivity - https://www.udemy.com/course/time-management-prioritization-and-productivity/
• Prioritization - https://www.cdc.gov/od/ocphp/nphpsp/documents/Prioritization.pdf
• Prioritization for Practices - https://www.academia.edu/40736753/Prioritization_Delegation_and_Assignment_Practice_Exercises_for_the_NCLEX_Examinationpdf
• Prioritization Examples - https://bfzcanada.ca/wp-content/uploads/Prioritization-Examples.pdf  
• Requirements for Prioritization Technique - https://www.researchgate.net/publication/322487895_Requirements_Prioritization_Techniques_Comparison
• Development in Prioritization - https://fhop.ucsf.edu/sites/fhop.ucsf.edu/files/wysiwyg/Prioritization_Criteria_0.pdf
• Prioritization Methodology - http://awsassets.panda.org/downloads/prioritization.pdf 

A prioritization template is a tool that helps you to take a diverse set of data that is a list of tasks, items, requirements, and features that reveal a hierarchy of importance based on the assessment criteria and value which is the both the quantity and quality. It is an analysis and decision making tool used in the business analysis and business process improvement systems. It provide the stakeholders with the resource to resolve the disagreements openly, narrow down all the proposals to the best solutions and increase the chances of the successful project.

The main elements used in the prioritization technique are,

• Grouping - It consists of classifying the business analysis information according to the predefined categories such as high, medium, and low priority.
• Ranking - It consists of ordering the business analysis information from the most to the least important to work on it based on its priority.
• Budgeting - It prioritizes the business analysis information based on the allocation of the fixed resource. It is used to prioritize the requirements based on the amount of work that the project team is capable of delivering in a period of time.
• Negotiation - It involves establishing a consensus among stakeholders as to which the requirements will be prioritized.

Business Analysis Body of Knowledge® (BABOK®)

• Prioritization Technique Practices | Linda LaCharity | https://www.amazon.com/Prioritization-practices-Exercises/dp/0323793280/ref=sr_1_7?dchild=1&keywords=prioritization+BA+technique+books&qid=1592259889&sr=8-7
• Prioritization Process | Christi D. Doherty | https://www.amazon.com/Prioritization-Judgment-NCLEX-RN%C2%AE-Christi/dp/0803607536/ref=sr_1_9?dchild=1&keywords=prioritization+BA+technique+books&qid=1599420248&sr=8-9
• Prioritization: How to Prioritize the Tasks to Increase the Productivity | Geoffrey Wright | https://www.amazon.com/Prioritization-Prioritize-Increase-Productivity-Smarter-ebook/dp/B00OSOEY2E/ref=sr_1_47?dchild=1&keywords=prioritization+BA+technique+books&qid=1592460359&sr=8-47