How to Prioritize Projects?
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http://makeitrational.com How to Prioritize Projects? (or anything else…)
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Transcript of How to Prioritize Projects?
http://makeitrational.com
How to Prioritize Projects? (or anything else…)
Project Priority
Project 1 ?
Project 2 ?
Project 3 ?
Project 4 ?
Project 5 ?
Project 6 ?
Project 7 ?
Project 8 ?
Project Priority
Project 1 6%
Project 2 12%
Project 3 17%
Project 4 16%
Project 5 9%
Project 6 22%
Project 7 10%
Project 8 8%
How to prioritize projects?
Prioritization process
1. Define goal and criteria.
2. Establish weights of criteria.
3. Score alternatives.
4. See results.
Define goal and criteria
Goal: Prioritize projects
Strategic alignment
Profitability Risk Value to
Customer
Prioritization process
1. Define goal and criteria.
2. Establish weights of criteria.
3. Score alternatives.
4. See results.
Establish weights of criteria (1/3)
• Compare criteria in pairs, each time: • choose the more important one,
• choose the level of dominance on a 9-point scale.
• Software transforms your comparisons into weights.
• Deriving weights from comparisons is based on Analytic Hierarchy Process.
Establish weights of criteria (2/3)
This is your input
Establish weights of criteria (3/3)
Output from software
Criterion Weight
Strategic alignment 58%
Risk 18%
Value to Customer 13%
Profitability 11%
Total 100%
Prioritization process
1. Define goal and criteria.
2. Establish weights of criteria.
3. Score alternatives.
4. See results.
Score alternatives
Define rating scales that model your preferences (examples below) and use them to score alternatives in context of criteria.
Value Risk
6 Very low
4 Low
2 Moderate
0 High
Note: more preferred = higher value
Value Strategic alignment
0 Low
1 Medium
2 High
Prioritization process
1. Define goal and criteria.
2. Establish weights of criteria.
3. Score alternatives.
4. See results.
See results
Project Priority
Project 1 6%
Project 2 12%
Project 3 17%
Project 4 16%
Project 5 9%
Project 6 22%
Project 7 10%
Project 8 8%
Note: This method can be used to prioritize anything else e.g. vendors, locations,
employees, markets…
Try it now
1. Try online demo (no registration required): http://makeitrational.com/demo
2. Open project “Prioritize projects”
3. Play with it e.g.: • add/remove projects and criteria
• change comparisons and rates
• analyze results
4. If you have any questions: [email protected]
