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Test Balancing Value and Cost (Simple Matrices and Approaches)
Agenda
1st QUESTION: What is the Value vs. Cost matrix for?
To fire people
To calculate the exact budget
To visualize options and focus priority efforts
To draw pretty graphs
2nd QUESTION: What are "Low-Hanging Fruit" items?
Difficult items
High Value and Low Cost Items (quick wins)
Low Value Items
Impossible items
3rd QUESTION: How are High-Value and High-Cost items classified?
As Fillers
As Large Investments
As Waste
As Low Fruit
4th QUESTION: What should be done with Low-Value and High-Cost items?
Discard (Remove from backlog)
Analyze them further
Make them fast
Prioritize them
5th QUESTION: What are the "Fills" in the matrix?
Low Value, Low Cost Items
High Value Items
Critical Items
Urgent Items
6th QUESTION: What balance is crucial besides Value vs. Cost?
Work vs. Rest
Short-term profit vs. long-term investment (product health)
Office vs Home
Day vs Night
7th QUESTION: Why do "Large Investments" require a serious commitment?
Because they are cheap
Because they are fast
Because quitting in the middle is a big waste
Because they are easy
8th QUESTION: What kinds of tasks may seem to be of low immediate value but are essential?
Sales
The marketing
The decoration
Technical quality and infrastructure
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INCORRECT QUESTIONS
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Are there any errors or improvements?
Where is the error?
What is the error?
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