Project Priority Matrix – Project Priority Matrix Analysis – Project Priority Matrix Framework – Business are often facing a number of competing projects. Prioritizing between projects becomes essential in order to maximize benefits for a company.
A project priority matrix is a great management tool to selecting those engagements that carry the highest benefits to an organization. The matrix divides all projects by the ease of implementation and their impact. Highest impact and the easiest to implement projects should be completed first. The projects are divided between quick wins, must haves, low hanging fruit and money pits. See the priority matrix below.