Severity: Bug impact on customers
Severity 1 -- Data loss, crash, missing feature, Privacy issue, legal requirement
Severity 2 – Major functionality broken
Severity 3 – Minor feature broken
Severity 4 – trivial
Priority: Importance of bug being fixed and order in which it should be fixed
Pri 0 – Fix immediately; Dev / partner blocker
Pri 1 – Test blocker
Pri 2 – Fix before ship, but not blocking bug
Pri 3 – Fix if we have time
Pri 4 – Fix next release; Suggestion