Hi @SB
Thank you for your question.
Yes, you can create the two custom fields with predefined dropdown values:
Business Value – Configure this as a picklist (dropdown) with your required values.
Urgency – Configure this as a picklist (dropdown) with the required options (End of Month 1, End of Month 2, End of Month 3).
However, an automatically calculated custom field based on the values of two other custom fields is not supported out of the box in Azure DevOps process customization. Custom fields cannot perform formula-based calculations or dynamically update based on other field values.
If you need the Priority field to be calculated automatically, you have a few alternatives:
Power Automate – Create a flow that triggers when a work item is created or updated, evaluates the values of Business Value and Urgency, and updates the Priority field according to your business logic.
Azure DevOps REST API or custom automation – Use a service, script, or Azure Function to calculate and update the field.
Marketplace extensions – Some Azure DevOps extensions provide additional workflow automation capabilities that may support this requirement.
Hope this helps. Please let us know if you have any further questions.