Get documents about "Project Prioritization Template
Description
Use this priority indexing tool to evaluate the feasibility, strategic fit, and risk, for each of your proposed initiatives.
Document Sample
Project Prioritization Tool
Instructions
1. In the "Weightings" tab weight the importance for each prioritization criteria. Be sure that your total weight equals no more or less than 100%.
2. Note that Over-Team, Over-Budget and Technical Risk are negative criteria. Therefore, if cost/risk is high, rank low, and vice versa.
3. In the "Project Scoring" tab below, rank each Project (Green, Amber, Red cells) on a scale of 1-10.
4. In the "Rankings" tab, sort the results to assist in making project go/no-go decisions at key project process checkpoints.
5. View the automatically generated "Bubble Matrix" which provides a visual representation of the data from the prioritization exercise.
6. Prioritize projects & initiativs and provide resources for projects that have the best fit, attractiveness, feasibility and lowest risk.
Project Prioritization Tool
Weighting Scale
Strategic Fit Economic Impact Feasibility
Alignment w/ Total
Market Core Revenue Profitability & Growth Resources - Resources -
Company Technical Risk
Positioning Capabilities Potential Margin Potential Financial People
Goals
15% 15% 10% 10% 15% 15% 10% 5% 5% 100%
Ranking Criteria & Definitions:
Alignment with Company Goals - how aligned is this project to corporate goals & objectives?
Market Positioning - how well does this initiative position us ahead of our competition?
Core Capabilities - does this initiative leverage our internal core capabilites (technology, operations, sales & distribution?
Revenue Potential - what is the anticipated revenue for this product?
Profitability & Margin - how solid are the anticipated margins for this product?
Growth Potential - what is the anticipated market growth rate?
Technical Risk - what is the probability of overcoming the technical challenges of the project?
Resources - Financial - do we have the financial resources to execute this initiative?
Resources - People - do we have the skills & bandwidth to execute this initiative?
Project Prioritization Tool
Strategic Fit Economic Impact Feasibility
Alignment w/
Market Core Revenue Profitability & Growth Technical Resources - Resources -
Projects & Intiatives Company
Positioning Capabilities Potential Margin Potential Risk Financial People
Goals
Weighting 15% 15% 10% 10% 15% 15% 10% 5% 5%
Project 1 2 3 4 6 6 9 7 8 7
Project 2 3 6 8 6 7 7 3 8 6
Project 3 8 6 6 6 7 7 6 5 7
Project 4 9 8 6 5 6 4 2 3 4
Project 5 5 4 6 6 5 4 10 8 3
Project 6 1 2 2 3 2 5 2 3 1
Project 7 1 2 2 3 1 4 3 5 4
Project 8 6 7 4 4 1 2 1 2 3
Project 9 4 5 2 7 4 6 7 6 5
Project 10 9 8 8 8 9 7 6 7 9
Project Prioritization Tool
Note: Sort by selecting all cells then click "Data"in the navigation menu and "Sort". You can sort by Project Score (Largest to Smallest).
Project Project Score Strategic Fit Economic Impact Feasibility
Project 10 8.0 3.4 3.2 1.4
Project 1 5.5 1.2 2.9 1.5
Project 2 5.9 2.2 2.7 1.0
Project 3 6.6 2.7 2.7 1.2
Project 4 5.7 3.2 2.0 0.6
Project 5 5.5 2.0 2.0 1.6
Project 9 5.0 1.6 2.2 1.3
Project 8 3.6 2.4 0.9 0.4
Project 7 2.5 0.7 1.1 0.8
Project 6 2.4 0.7 1.4 0.4
Future Potentials Top Priorities
High
Project 5
Project 1
Project 10
Project 9
Project 3
Feasibility
Bubble Size = Economic Impact
Project 2
Project 7
Project 4
Project 6
Project 8
Low
Potential Cuts Back Burners
Low High
Strategic Fit
3.2 3.2 1.4
Project 2 7.7 2.9 3.1 1.7
Project 3 6.6 2.7 2.7 1.2
Project 4 5.7 3.2 2.0 0.6
Project 5 5.5 2.0 2.0 1.6
Project 9 4.9 1.4 2.2 1.3
Project 7 4.8 0.9 2.4 1.5
Project 6 4.7 2.0 1.4 1.3
Project 8 4.4 2.0 1.6 0.8
Project 10 2.6 1.0 1.2 0.5
High Future Potentials Top Priorities
Project 2
Project 5
Project 7
Project 1
Project 9 Project 6
Project 3
Feasibility
Bubble Size = Economic Impact
Project 8
Project 4
Project 10
Low Potential Cuts Back Burners
Low Strategic Fit High
Project 1
Project 4
High
