Project Prioritization - 1814 Words

PROJECT PRIORITIZATION A STRUCTURED APPROACH TO WORKING ON WHAT MATTERS MOST OFFICE OF QUALITY IMPROVEMENT PROJECT PRIORITIZATION This guide describes a proven approach to setting priorities when the amount of work that needs to be done surpasses the resources available to accomplish the work. You will find step-by-step instructions for creating and using a simple prioritization matrix to make tough decisions. Written by Carol Gosenheimer, Division of Enrollment Management Contributors Brian Rust, Division of Information Technology Nancy Thayer-Hart, Office of Quality Improvement TABLE OF CONTENTS What Is a Prioritization Matrix? ........................................................................................... 3†¦show more content†¦Projects are then scored and prioritized based on the criteria. Once projects are prioritized and those priorities are reviewed and discussed, the department can evaluate the results to determine funding and resource allocation for the higher priority projects. A final step involves assessing how and when (or if) to fund the lower priority projects in the future if/when more resources become available. Creating and using a prioritization matrix involves five simple steps: 1. Determine your criteria and rating scale. There are two components involved in rating the projects on your  ¡Ã‚ §to do ¡Ã‚ ¨ list: criteria for assessing importance, and a rating scale. The first step is to determine the factors you will use to assess the importance of each project. Choose factors that will clearly differentiate important from unimportant projects  ¡V these are your criteria. A group of 6-12 criteria is typical. Example criteria might include whether or not the project is a mandate, the value it brings to the customer, etc. Then, for each of your criteria, establish a rating scale to use in assessing how well a particular project satisfies that criteria. To ensure consistent use of the rating scale, provide some details to define how the criteria should be applied. The following table provides some examples: Example Criteria Description Rating Scale (1-9) RequiredShow MoreRelatedThe Prioritization Of Project Management1678 Words   |  7 PagesThe Prioritization of Projects Meaning of Priority: It is relative right of prerequisite to the rare assets. On the off chance that the assets are high there is no need of prioritize things. Here the assets are the things like time, human assets like staffing, spot to do work and numerous different assets. There are two separate ideas of that could be dead set from framework building and administration of the framework designing activities. 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