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Project Prioritization Template

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Use this priority indexing tool to evaluate the feasibility, strategic fit, and risk, for each of your proposed initiatives.

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									                                                                                                                               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

								
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