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One of the most important challenges that organizations face today is how to prioritize their strategies, their objectives, their projects, and their day-to-day activities. Significant evidence exists that organizations with the strongest focus on prioritization outperform the competition.

Project prioritization is the foundation for successfully implementing projects. It's where you align your projects to strategy. It's where you identify and eliminate waste. Poor prioritization leads to project failure and, ultimately, missed business goals. Organizations that fail to properly prioritize typically end up with too many projects. This reduces the efficiency of your team and increases project failure rates.

Done well, a good project prioritization process will allow you to strategically align your resource allocation decisions while delivering more successful projects. Prioritizing projects let you align resources to support those projects that are truly important ensuring their success.

Simply put, prioritization is a process where you work out which projects are the most important so that you can focus your resources on successfully delivering those value-added projects.

The Business Case Prioritization Guides will aid in prioritizing projects in a structured and logical way.
The main objective of this document is to explain how to create a consistent opportunity prioritization matrix, to help prioritize the improvement options towards the end of the diagnose phase of a project.

This document can also be used to support client discussions, providing a range of content that can be selected and tailored based on the situation.

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Source: Business Case Prioritization Guide PowerPoint document

 
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Business Case Prioritization Guide

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File Type: PowerPoint (pptx)

File Size: 2.1 MB

Number of Slides: 14 (includes cover, transition slides)

Related Topic(s): Business Case Example

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Initial upload date (first version): Apr 18, 2019
Most recent version published: Feb 3, 2020

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