Balancing Risk and Value method brings the risk and value together for prioritization. Stakeholders use a 2×2 risk-value matrix that maps value and risk from high to low. The mapping helps to make decisions and prioritization from highest to lowest priority as:
- High Risk & High Value: Deliver First
- Low Risk & High Value: Deliver Next
- Low Risk & Low Value: Deliver Last
- High Risk & Low Value: Avoid