Stratechi - Prioritization Matrix Worksheet Template.pptx

1. Rethink the Future
Prioritization Matrix
Worksheet & Template
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2. HOW DO YOU ASSIGN BENEFIT / VALUE AND COST / EFFORT
HOW DO YOU ASSIGN VALUE?
Value can be determined from an absolute or relative
perspective. An absolute perspective is when the
appropriate analysis of value has determined an actual
value. For example, the actual market potential of
products or the cost savings of different IT solutions.
A relative value can be created, when you are
hypothetically comparing different options and there
may be hypotheses of the value, but no actual analysis.
Relative value is used when there is a good relative
sense that one option is more valuable than another
option.
HOW DO YOU ASSIGN COST / EFFORT?
The effort axis can represent cost, capital, ease of
implementation, people, timing or other effort levers.
Once again, you can assign levels of efforts on an
absolute or relative basis. If you have actual data and
analysis then use the data to plot projects. If you don’t,
you typically have a good intuition on the relative levels
of efforts of different options.

3. PRIORITIZATION WORKSHEET (CLICK ON IT TO OPEN EXCEL SPREADSHEET)
Prioritization
Dimension #1
Prioritization
Dimension #2
"Value" "Effort"
Rank Options 1 -Low 5 -High 1 - High 5 - Low Score
1 0
2 0
3 0
4 0
5 0
6 0
7 0
8 0
9 0
10 0
11 0
12 0
13 0
14 0
15 0
INSTRUCTIONS
1. Define the Prioritization Dimensions
2. Brainstorm Options
3. Define Valuesfor Options(High isGood, Low isNot Good)
4. Sort OptionsBy Total Value
5. You Now Have Prioritized Your Options

4. PRIORITIZATION MATRIX
LOW
HIGH
HIGH
LOW
BENEFIT /
VALUE
EFFORT / COST
LOW-HANGING
FRUIT
BIG BETS
MAYBES (WORK ON IMPROVING) NOT WORTH THE EFFORT
IDEA / INITIATIVE
IDEA / INITIATIVE
IDEA / INITIATIVE IDEA / INITIATIVE
IDEA / INITIATIVE