In my current company there isn\'t clear understanding between the test and development teams as to how severe a bug should be? There are arguments which go back and forth to re
I agree with the FogBugz folks that this should be kept super simple: http://fogbugz.stackexchange.com/questions/352/priority-vs-severity
I made up this scheme, which I find easy to remember:
It roughly parallels Debian's scheme: http://www.debian.org/Bugs/Developer#severities
I like it because it straightforwardly combines priority and severity into a single field that's easy to set a value for.
PS: You can also pick intermediate urgencies like "pMH" for in between "minutes matter" and "hours matter". Or "pHd" is in between "hours mattter" and "days matter" -- roughly, "don't literally pull an all-nighter for it but don't work on anything else till it's done".