Project Pillars

Published: 2019-07-22 18:32:18 -0400 -0400

Reading time: 2 mins (226 words)

goal

Over time I’ve found myself with the recurring issue of what to do next. This is a problem that is also faced by most teams / companies and one of the more successful ways I’ve seen them take this challenge on is by comparing the costs / benefits of each effort and using that as a metric in the decision process.

Thus the point of these pillars is to initiate a process that will help me compare my numerous projects so I know what the best prospects are at any one time.

pillars

  • Plug into a Google Sheets calculator
  • Calculate
  • copy and paste into card

Expected value / hour

  • expected value - expected value / month
    • reach * impact
      • reach: # users / month doing the thing / making the money
      • impact: $ / user
  • confidence - my confidence that these numbers are right, whether effort or expected value
    • range of (0,1)
  • effort - in hours, but choices are limited
    • 1 hour - v small things
    • 10 hours - 1 week
    • 20 hours - 2 weeks
    • 40 hours - 1 month
    • 120 hours - 3 months
    • 240 hours - 6 months
  • learning - this is just whether I learn something new and useful or not. If it is, we’ll boost by 25%
opportunity value / hour = (expected value * confidence * learning) / effort

About the Ham

Hi I'm Hamilton and I wrote / built this! I like doing lots of things, but mostly I like to build (and then share those buildings). Some things I'm currently building: art, software, and prose. To stay up-to-date with my latest buildings, subscribe to my email list or follow one of my many other accounts. #buildit #shipit #justhamit

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