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Answer Posted / anshuman
"Priority" is associated with scheduling :Means which bug
is going to be fixed first with respect to CUSTOMER point
of view
"Severity" is associated with standards,how the bug affects
the application with respect to FUNCTIONAL point of view of
the product
Note :Category and Nominclature of the priority and
severity totally depends on the Organizational strategy.
Example : Some Company follow : P1, P2, P3
Some Company follow : High, Medium, Low
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