I am very fortunate to work at LeadingAgile where I have a lot of really smart colleagues who are open to letting me ask them lots of questions. So, I decided to take advantage of that and finally try to understand exactly WTF Cost of Delay actually is. The result of those questions is 3 podcasts, which, if you listen to in order, should not only help you understand it at a conceptual level but also at a level where you can begin to practically apply it.
Each of these podcasts originally was posted on the LeadingAgile site. Links to the blog posts are listed below each podcast.
An Overview of Cost of Delay with Jim Hayden