Prioritization is 33rd Technique from BABOK 3.0. I tried to put this concept so simple to understand, stick to this space for material

1. 10.33 PRIORITIZATION
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2. WHAT IS PRIORITIZATION?
 Prioritization process helps business analysts determine
the relative importance of a set of things and determine the
order in which they will be addressed. The importance may
be based on value, risk, difficulty of implementation, or
criteria.
Simple example :
Bob and Jenny were prioritizing requirements with the stakeholders group, the
group chose a quick to implement requirement first to show the progress to the
sponsors as it was critical to gain their trust.
So the criterion here is likelihood of success.
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3. PRIORITIZATION OF REQUIREMENTS
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P.C: CUPE UK

4. BABOK 3.0 DEFINITION
 Prioritization is a process used to determine the relative
importance of business analysis information. The importance
may be based on value, risk, difficulty of implementation, or
other criteria.
 These priorities are used to determine which business
analysis information should be targeted for further analysis,
which requirements should be implemented first, or how much
time or detail should be allocated to the requirements.
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5. BABOK 3.0 DEFINITION
 There are many approaches to prioritization. For the purpose
of this technique, prioritization is classified into one of four
approaches:
 Grouping
 Ranking
 Negotiation
 Time boxing/Budgeting
Mnemonic : GRaNT Budget
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6. WHAT ARE APPROACHES TO PRIORITIZATION?
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7. WHAT ARE ELEMENTS OF PRIORITIZATION?
 Grouping: Predefined categories such as High, Medium, or Low
priority.
 Ranking : Ranking from most to least important
 Negotiation: Establishing a consensus among stakeholders
 Time Boxing/Budgeting : Allocation of a fixed resource
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8. B A A C A D E M Y 8
USAGE CONSIDERATIONS
Strengths
 Facilitates consensus building and trade-offs and ensures that solution value is
realized and initiative timelines are met.
Limitations
 Some stakeholders may attempt to avoid difficult choices and fail to recognize
the necessity for making trade-offs.
 The solution team may intentionally or unintentionally try to influence the result
of the prioritization process by overestimating the difficulty or complexity of
implementing certain requirements.
 Metrics and key performance indicators are often not available when prioritizing
business analysis information; therefore, a stakeholder’s perspective of the
importance may be subjective

9. FEW IMPORTANT POINTS TO MEMORISE
 Prioritization provides a framework for business analysts to
facilitate stakeholder decisions.
 When choosing a prioritization approach, business analysts
consider the audience, their needs, and their opinions.
 Business analysts revisit priorities and utilize different approaches
when changes occur.
 Time boxing is used to prioritize requirements based on the amount
of work that the project team is capable of delivering in a set period
of time.
 Budgeting is used when the project team has been allocated a
fixed amount of money.
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10. THANK YOU
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Durga Prasad CBAP® CSM®