Likelihood x Impact provides a fast way to prioritize a list of items, by relatively comparing levels of how likely they are to happen and their impact.
Running the activity:
- Draw the Likelihood x Impact graph and place the items from the previous activity near it.
- Ask participants to grade each item and place them in the graph, positioned accordingly:
* What is the likelihood of this happening? Low, medium or high?
* In case it does happen, what is the impact? Low, medium or high?
- Identify the top ranked items (high likelihood, high impact) as the ones that will be tackled by the team.
This activity brings visibility to the highly likely and impactful items. These should take priority amongst all the items.
Remote-team advice: This activity works well for remote teams. Use a remote board that allows the input to be moved freely. After participants add their notes to the main course activity, ask them to move their notes to the graph area as they filter it.