[gnso-wpm-dt] Re: WPM-DT: Step 3a (Rating Test #1 - In Progress)
> Your understanding of the scaling as applied to both dimensions is correct. > We can make that point clearer to future raters and appreciate the feedback. (Stéphane) I think that might be useful. > > Regarding the X axis, a question was asked during the early planning stages > whether any reliable hard data could be made available, but we concluded that > it would be incomplete at best and, possibly, misleading. Only attendance > records are kept for work teams, which represents a partial cost, but would > not be indicative of the total effort expended. Also, for this > prioritization exercise, we have been trying to steer away from having hard > dollar cost be the primary driver for X, preferring, instead, more of a > “soft” cost. As you will recall, the team had removed the word “cost” from > the definition completely. The term “budget” was introduced based upon your > recent input. Thinking about raters to come, since hard cost/budget data > does not exist for these projects, should we consider returning to a > definition that is even less quantitative? (Stéphane) I understand the rationale and light of this, suggest leaving things as they are for now. > > One thought is that there probably is some natural correlation between value > and cost, that is, the more expensive things are and the harder we have to > work for them, the higher they are prized. This relationship may become more > pronounced once projects and activities have started vs. before they actually > begin. Expressions like, “ Don’t throw good money after bad” derive from the > human proclivity to salvage sunk costs and confuse effort/activity with > outcomes. In our case, we are prioritizing ACTIVE projects several of which > are more than half-completed. We thus have more information about them than > we might have at their instantiation and initial prioritization. Could any > of the above be factors at work? (Stéphane) Those were might thoughts as well (that there is a natural correlation). Unsure if we can find a simple or useful way of integrating that in our model. Unsure whether we should even try. Thanks, Stéphane Attachment:
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