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How to Prioritize Projects?
     (or anything else…)




                           http://makeitrational.com
How to prioritize projects?
Project     Priority             Project     Priority
Project 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%
Prioritization process
1.   Define goal and criteria.
2.   Establish weights of criteria.
3.   Score alternatives.
4.   See results.
Define goal and criteria

                      Goal: Prioritize
                        projects


  Strategic                                  Value to
              Profitability          Risk
 alignment                                  Customer
Prioritization process
1.   Define goal and criteria.
2.   Establish weights of criteria.
3.   Score alternatives.
4.   See results.
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.
Establish weights of criteria (2/3)

                                      This is your
                                         input
Establish weights of criteria (3/3)
Criterion               Weight
                                      Output from
Strategic alignment       58%
                                       software
Risk                      18%

Value to Customer         13%

Profitability             11%

Total                    100%
Prioritization process
1.   Define goal and criteria.
2.   Establish weights of criteria.
3.   Score alternatives.
4.   See results.
Score alternatives
Define 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
Prioritization process
1.   Define goal and criteria.
2.   Establish weights of criteria.
3.   Score alternatives.
4.   See results.
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%
Note: This method can be used to prioritize
  anything else e.g. vendors, locations,
           employees, markets…
Try it now
1. Try online demo (no registration required):
   http://makeitrational.com/demo
2. Open project “Prioritize projects”
3. Play with it e.g.:
   • add/remove projects and criteria
   • change comparisons and rates
   • analyze results
4. If you have any questions: info@makeitrational.com

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How to Prioritize Projects?

  • 1. How to Prioritize Projects? (or anything else…) http://makeitrational.com
  • 2. How to prioritize projects? Project Priority Project Priority Project 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. Prioritization process 1. Define goal and criteria. 2. Establish weights of criteria. 3. Score alternatives. 4. See results.
  • 4. Define goal and criteria Goal: Prioritize projects Strategic Value to Profitability Risk alignment Customer
  • 5. Prioritization process 1. Define goal and criteria. 2. Establish weights of criteria. 3. Score alternatives. 4. See results.
  • 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. Establish weights of criteria (2/3) This is your input
  • 8. Establish weights of criteria (3/3) Criterion Weight Output from Strategic alignment 58% software Risk 18% Value to Customer 13% Profitability 11% Total 100%
  • 9. Prioritization process 1. Define goal and criteria. 2. Establish weights of criteria. 3. Score alternatives. 4. See results.
  • 10. Score alternatives Define 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. Prioritization process 1. Define goal and criteria. 2. Establish weights of criteria. 3. Score alternatives. 4. See results.
  • 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. Note: This method can be used to prioritize anything else e.g. vendors, locations, employees, markets…
  • 14. Try it now 1. Try online demo (no registration required): http://makeitrational.com/demo 2. Open project “Prioritize projects” 3. Play with it e.g.: • add/remove projects and criteria • change comparisons and rates • analyze results 4. If you have any questions: info@makeitrational.com