The MoSCoW method is a popular and widely used approach to prioritize bugs using bug tracking metrics and KPIs. Must bugs must be fixed as soon as possible, as they have a high impact on the software functionality or user experience, and may cause serious errors, crashes, or security breaches. Should bugs should be fixed soon, as they have a moderate impact on the software functionality or user experience, and may cause minor errors, glitches, or inconsistencies. Could bugs could be fixed later, as they have a low impact on the software functionality or user experience, and may cause cosmetic or aesthetic issues. Lastly, Won't bugs won't be fixed at all, as they have no impact on the software functionality or user experience. By assigning a priority level to each bug based on its bug tracking metrics and KPIs and sorting them in a descending order of importance, you can use the MoSCoW method to effectively prioritize your bugs. Additionally, you can use a matrix or chart to visualize the priority levels of your bugs and communicate them to your stakeholders.