P0
Drop everything and fix it now. All hands on deck.
Prevents product release or blocks users from using the product.
P1
Start working on it today.
Will impact most users trying to use the feature.
P2
Attempt to get it done within a week. Prioritize resolving this issue before active Story completes (if in ongoing story)
Causes frustration to users but does not block functionality.
P3
Deferred - will be visited when a Story is created for the feature.
Fit and finish - makes us look polished.