How to easily prioritize your projects with our free Powerpoint Template & Tutorial
Context
What you decide not to do is as important as what you decide to do. A good CEO is someone that is not afraid to say “no” and focus on the initiatives that will really move the needle. Human and financial resources are limited. How to allocate these resources is critical.
To help you allocate your resources effectively, we created an Initiative Prioritization matrix.
Initiative prioritization matrix Description
To prioritize all our potential initiatives, we created a simple matrix with 2 criteria: “Value” and “Ease of implementation”.
The value will be estimated by calculating the Net Present Value (NPV) of the project.
The “Ease of implementation” criteria will be assessed based on the following criteria:
- Project duration
- Project costs
- Project risk
- Number of people required to implement the project
- Number of people heavily impacted by the change
The main focus should be on the initiatives that will create a high value while be relatively easy to implement:
Step-by-step tutorial on how to use our Initiative Prioritization matrix
Step 1: Assess each potential project based on “Value” and “Ease of implementation”:
Step 2: Position each initiative on our prioritization matrix:
Step 3: Focus on the priority 1 and priority 2 initiatives located in the green areas section:
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