If you ever wondered, what the abbreviation “WSJF” in an invitation for a prioritization meeting means – it’s ‘Weighted Shortest Job First’. It gives particular attention to cost of delay (or opportunity costs)
Weighted Shortest Job First (WSJF) is a prioritization technique used in agile methodologies to maximize economic benefit. It involves calculating a job’s priority by dividing its total value by its duration or size. The value is determined by combining factors such as business value, time criticality, risk reduction, and opportunity enablement. WSJF formula is: WSJF = (Business Value + Time Criticality + Risk Reduction and/or Opportunity Enablement) / Job Size. This approach helps in prioritizing work that delivers the highest value in the shortest time, ensuring that the team focuses on the most economically advantageous tasks.
Links:
https://en.wikipedia.org/wiki/Shortest_job_next#Weighted_shortest_job_first
https://scaledagileframework.com/wsjf/
Albrecht Günther 