Hi @Lakshmi S
Ranking is the practice of ordering issues on your backlog, in your sprint or on your board.
Jira provides a way to order and prioritize issues. On a board, simply drag an issue above or below another issue to determine ranking. Ranking is a global concept. Issues are ranked against other issues regardless of their Jira project, issue type, or associated board.
Please refer to this: https://support.atlassian.com/jira-software-cloud/docs/rank-an-issue/
Thanks,
Vamsi
And, here are a couple of articles that explain ranking:
https://www.jirastrategy.com/questions/how-does-jira-issue-ranking-work
https://tmcalm.nl/blog/lexorank-jira-ranking-system-explained/
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