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How to Prioritize Projects?     (or anything else…)                           http://makeitrational.com
How to prioritize projects?Project     Priority             Project     PriorityProject 1      ?                 Project 1...
Prioritization process1.   Define goal and criteria.2.   Establish weights of criteria.3.   Score alternatives.4.   See re...
Define goal and criteria                      Goal: Prioritize                        projects  Strategic                 ...
Prioritization process1.   Define goal and criteria.2.   Establish weights of criteria.3.   Score alternatives.4.   See re...
Establish weights of criteria (1/3)• Compare criteria in pairs, each time:   • choose the more important one,   • choose t...
Establish weights of criteria (2/3)                                      This is your                                     ...
Establish weights of criteria (3/3)Criterion               Weight                                      Output fromStrategi...
Prioritization process1.   Define goal and criteria.2.   Establish weights of criteria.3.   Score alternatives.4.   See re...
Score alternativesDefine rating scales that model your preferences (examples below)and use them to score alternatives in c...
Prioritization process1.   Define goal and criteria.2.   Establish weights of criteria.3.   Score alternatives.4.   See re...
See results              Project     Priority              Project 1     6%              Project 2    12%              Pro...
Note: This method can be used to prioritize  anything else e.g. vendors, locations,           employees, markets…
Try it now1. Try online demo (no registration required):   http://makeitrational.com/demo2. Open project “Prioritize proje...
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How to Prioritize Projects?

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How to Prioritize Projects?

  1. 1. How to Prioritize Projects? (or anything else…) http://makeitrational.com
  2. 2. How to prioritize projects?Project Priority Project PriorityProject 1 ? Project 1 6%Project 2 ? Project 2 12%Project 3 ? Project 3 17%Project 4 ? Project 4 16%Project 5 ? Project 5 9%Project 6 ? Project 6 22%Project 7 ? Project 7 10%Project 8 ? Project 8 8%
  3. 3. Prioritization process1. Define goal and criteria.2. Establish weights of criteria.3. Score alternatives.4. See results.
  4. 4. Define goal and criteria Goal: Prioritize projects Strategic Value to Profitability Risk alignment Customer
  5. 5. Prioritization process1. Define goal and criteria.2. Establish weights of criteria.3. Score alternatives.4. See results.
  6. 6. 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.
  7. 7. Establish weights of criteria (2/3) This is your input
  8. 8. Establish weights of criteria (3/3)Criterion Weight Output fromStrategic alignment 58% softwareRisk 18%Value to Customer 13%Profitability 11%Total 100%
  9. 9. Prioritization process1. Define goal and criteria.2. Establish weights of criteria.3. Score alternatives.4. See results.
  10. 10. Score alternativesDefine rating scales that model your preferences (examples below)and use them to score alternatives in context of criteria.Value Risk Value Strategic alignment 6 Very low 0 Low 4 Low 1 Medium 2 Moderate 0 High 2 High Note: more preferred = higher value
  11. 11. Prioritization process1. Define goal and criteria.2. Establish weights of criteria.3. Score alternatives.4. See results.
  12. 12. 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%
  13. 13. Note: This method can be used to prioritize anything else e.g. vendors, locations, employees, markets…
  14. 14. Try it now1. Try online demo (no registration required): http://makeitrational.com/demo2. Open project “Prioritize projects”3. Play with it e.g.: • add/remove projects and criteria • change comparisons and rates • analyze results4. If you have any questions: info@makeitrational.com

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