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Monday, August 7 • 3:45pm - 5:00pm
Cost of Delay for Dummies - What's the value of NOT doing work? (Jenny Swan, Joshua Rowell)

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Abstract:
We LOVE math! But don't worry we are fun too! Learn how to quantify your assumptions on the work coming into your organization.
Come learn how to measure and find value on all work. Properly utilizing the Cost of Delay allows us to make better educated choices for what problems are the best to go solve. This also helps address the problem of having more work than we have people or resources. So understanding the cost of "NOT" doing that work becomes even more important.
When we don't do the work, what does that mean? In this workshop, you'll find the cost of delay to a problem. Then, as a group, use that to identify priorities and build an initial roadmap.

Learning Outcomes:
  • Understand why value is important, and why we should all understand value the same way
  • We will define Cost of Delay and why it can be a useful tool
  • Learn how to measure Value using Cost of Delay
  • How to apply Cost of Delay to any request
  • Calculate a scheduling value using Cost of Delay Divided by Duration (A form of Weighted Shortest Job First)
  • Using the CD3 how to visualize the priority of work and create a roadmap
  • Take home provided scenarios, example formulas, and their subcomponents

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Monday August 7, 2017 3:45pm - 5:00pm
I4