Prioritizing Business Investments

13 March

Something I hear often from people I work with is: ‘We’re getting conflicting messages about the relative importance of some of our projects compared to others. What was once a priority one project seems to have slipped to the back burner but we don’t know why?’

Prioritizing of projects is no easy task. Management seems to want everything yesterday and everything is a priority one. As a project manager we need to work closely with stakeholders and help them prioritize their projects. Our job is to make sure that the right solution is delivered on time so the organization can reap the benefits as soon as possible. This obviously requires the project be highly organized and constantly scrutinized to ensure timely delivery and relevance to strategic goals.

The challenge is when your stakeholders insist that every one of their projects is equally important, absolutely critical and simply can not be cut or changed. Many stakeholders will ask for the world, a habit that can be particularly disconcerting when multiple stakeholders compete over projects that are mutually exclusive or can’t remotely be delivered without missed deadlines. Your job as a project manager is to help everyone understand that there’s a natural priority to the projects, even theirs and to help them understand what must come first and why.

The key to effective prioritization is to keep the approach simple and easy to understand by all managers across the organization. There are two distinct parts to managing prioritization. One is to establish a prioritization model that all key leaders buy in to. The second is to ensure that projects are released to project managers and teams according to priorities, resolving resource conflicts and improving project flow throughout the organization.

A prerequisite for a prioritization process is that a evaluation and selection process is in place to ensure that the potential project being evaluated has a credible approach that is aligned with the organization’s objectives and strategy. A business case for the project containing details that answers the question: ‘Why should we do this?’ is produced as output of the evaluation and selection process. If a project is selected, the next step is its prioritization.

Any executive should have the right to bring proposed changes in project priorities to a governance board. The executives on the board must understand the impact of a proposed project or change in priority on the company’s project portfolio and strategic goals.  Which existing projects would have to change? How would that impact resources and company goals?

Creating the Prioritization Process

Create an inventory of strategic objectives for the current or coming business year and include strategic initiatives currently underway.

Define a ‘straw man’ prioritization template with a fill in the blanks approach. The template should have two dimensions; opportunity and risk factors. Opportunity factors could be:

Strategic alignment / fit

Increased revenue

Customer impact

Competitive urgency

Risk factors may include:

Feasibility

Technical

Financial

4,107 Responses to “Prioritizing Business Investments”

  1. Giyypn May 6, 2022 at 5:51 am #

    generic viagra 150mg – viagra 50mg brand order viagra 100mg sale

  2. Rshwzi May 7, 2022 at 3:27 pm #

    prednisolone 5mg canada – order prednisolone 10mg generic order tadalafil 10mg pill

  3. Qzriku May 10, 2022 at 2:25 am #

    order augmentin 375mg generic – buy augmentin 375mg pill cialis 40mg cost

  4. Kqgvzm May 12, 2022 at 3:06 pm #

    bactrim 960mg generic – buy generic sildenafil sildenafil 100mg over the counter

  5. Tmewjq May 14, 2022 at 11:10 pm #

    cephalexin 125mg cheap – purchase cleocin generic order erythromycin 250mg without prescription

  6. Bdzwsb May 17, 2022 at 2:43 am #

    fildena pill – buy sildenafil pills ivermectin 12mg without prescription

  7. Qkqdqw May 18, 2022 at 2:27 pm #

    buy budesonide pill – order antabuse 500mg pills order antabuse 500mg

  8. Yelyab May 20, 2022 at 1:54 am #

    cefuroxime 250mg drug – order ceftin 250mg without prescription cialis discount

  9. Athozi May 21, 2022 at 12:53 pm #

    ampicillin 250mg for sale – order ampicillin 500mg sale cialis 20mg cost

  10. Aayioa May 23, 2022 at 12:31 pm #

    cost amoxicillin 250mg – amoxil online order vardenafil 20mg us

  11. Swxezc May 25, 2022 at 1:24 am #

    ivermectin 6 mg – order vardenafil 10mg generic buy vardenafil 20mg sale

  12. Grpnpl May 26, 2022 at 12:20 pm #

    order doxycycline 200mg generic – order doxycycline 100mg online cheap cheap tadalafil 20mg

  13. IvyRar May 27, 2022 at 9:25 pm #

    canada discount pharmacy

  14. WimRar May 28, 2022 at 5:30 am #

    albenza 200 mg tablet

  15. Fdvyzp May 28, 2022 at 9:13 am #

    cheap cialis pills – cialis 10mg tablet cost provigil 100mg

  16. PaulRar May 28, 2022 at 9:47 pm #

    where to buy clomid pills

  17. WimRar May 29, 2022 at 2:11 pm #

    augmentin for sale canada

  18. JoeRar May 29, 2022 at 2:25 pm #

    amoxicillin 2018

  19. UgoRar May 29, 2022 at 2:30 pm #

    20 mg generic paxil

  20. TedRar May 29, 2022 at 5:55 pm #

    clonidine parameters

  21. Wulocp May 29, 2022 at 6:24 pm #

    oral deltasone 20mg – cost deltasone 5mg order isotretinoin 40mg online cheap

  22. KimRar May 29, 2022 at 9:20 pm #

    ivermectin usa

  23. CarlRar May 30, 2022 at 1:38 am #

    80 mg accutane

  24. JimRar May 30, 2022 at 3:17 am #

    online pharmacy fungal nail

  25. SueRar May 30, 2022 at 7:48 am #

    zoloft price canada buy medrol 4mg

  26. DenRar May 30, 2022 at 9:13 am #

    phenergan buy

  27. MarkRar May 30, 2022 at 9:34 am #

    trazodone 50 mg daily use

  28. JimRar May 30, 2022 at 10:46 am #

    buy clomid online cheap

  29. MiaRar May 30, 2022 at 12:15 pm #

    minocycline capsule 100mg

  30. AnnaRar May 30, 2022 at 1:16 pm #

    bactrim prescription

  31. JaneRar May 30, 2022 at 1:48 pm #

    plavix generic brand

  32. JasonRar May 30, 2022 at 8:12 pm #

    covid ivermectin ez pharmacy

  33. JaneRar May 31, 2022 at 3:16 am #

    effexor price australia

  34. DenRar May 31, 2022 at 3:18 am #

    levitra prescription prices

  35. Wfgequ May 31, 2022 at 3:23 am #

    amoxicillin online order – buy amoxicillin 250mg pill sildenafil tablets

  36. CarlRar May 31, 2022 at 4:01 am #

    drug amoxicillin 500mg

  37. KimRar May 31, 2022 at 12:06 pm #

    paxil 20 mg generic

  38. MiaRar May 31, 2022 at 2:01 pm #

    synthroid mcg

  39. EvaRar May 31, 2022 at 4:54 pm #

    buy stromectol pills

  40. WimRar June 1, 2022 at 4:06 am #

    best diflucan price

  41. CarlRar June 1, 2022 at 5:31 am #

    price of amoxicillin 875 mg

  42. MarkRar June 1, 2022 at 10:14 am #

    ivermectin 1 cream 45gm

  43. DenRar June 1, 2022 at 2:16 pm #

    minocycline depression

  44. Tvodas June 1, 2022 at 3:22 pm #

    prednisolone oral – neurontin price order generic sildenafil 150mg

  45. AmyRar June 1, 2022 at 9:59 pm #

    buy generic cialis canada

  46. KimRar June 2, 2022 at 4:02 am #

    generic cialis soft gel

  47. KiaRar June 2, 2022 at 4:40 am #

    sildenafil 50mg buy

  48. KimRar June 2, 2022 at 6:46 am #

    viagra 500

  49. JimRar June 2, 2022 at 8:07 am #

    cialis otc us

  50. UgoRar June 2, 2022 at 10:17 am #

    viagra pills australia

  51. TedRar June 2, 2022 at 10:05 pm #

    can i buy furosemide online

  52. TedRar June 3, 2022 at 12:11 am #

    cheap albendazole

  53. EvaRar June 3, 2022 at 12:51 am #

    accutane cream

  54. KimRar June 3, 2022 at 12:51 am #

    avodart uk

  55. KiaRar June 3, 2022 at 4:31 am #

    amoxicillin canada

  56. Vthowx June 3, 2022 at 7:19 am #

    order furosemide without prescription – buy ivermectin 6 mg for humans ivermectin 400 mg brands

  57. KiaRar June 3, 2022 at 11:21 am #

    ivermectin 90 mg

  58. AmyRar June 3, 2022 at 2:43 pm #

    sildalis online

  59. AnnaRar June 3, 2022 at 3:18 pm #

    viagra canadian pharmacy

  60. AnnaRar June 3, 2022 at 9:08 pm #

    can i buy cialis online

  61. TedRar June 4, 2022 at 4:23 am #

    stromectol 15 mg

  62. MarkRar June 4, 2022 at 6:51 am #

    levitra generic

  63. KimRar June 4, 2022 at 8:24 am #

    online trazadone

  64. WimRar June 4, 2022 at 10:09 am #

    suhagra online india

  65. DenRar June 4, 2022 at 2:52 pm #

    20 mg cialis daily

  66. Rjjasv June 4, 2022 at 10:58 pm #

    hydroxychloroquine for sale – hydroxychloroquine brand buy baricitinib sale

  67. JudyRar June 5, 2022 at 2:46 am #

    valtrex uk synthroid 25 mcg india

  68. JaneRar June 5, 2022 at 6:01 am #

    500 mg amoxicillin

  69. AmyRar June 5, 2022 at 6:37 am #

    xenical roche orlistat

  70. AmyRar June 5, 2022 at 2:52 pm #

    celexa brand name

  71. TeoRar June 5, 2022 at 4:09 pm #

    how to get cialis

  72. AnnaRar June 5, 2022 at 6:30 pm #

    motilium 30 mg tablets

  73. KimRar June 5, 2022 at 7:36 pm #

    valtrex on line

  74. EvaRar June 5, 2022 at 11:51 pm #

    elimite 5 cream over the counter

  75. DenRar June 6, 2022 at 1:08 am #

    buying amoxicillin in mexico

  76. WimRar June 6, 2022 at 6:28 am #

    synthroid capsules

  77. TedRar June 6, 2022 at 9:50 am #

    valtrex 500 mg cost

  78. Gynhai June 6, 2022 at 12:18 pm #

    order metformin 1000mg online – cheap atorvastatin 80mg norvasc 10mg without prescription

  79. TeoRar June 6, 2022 at 12:40 pm #

    cost of amoxicillin 875 mg

  80. CarlRar June 6, 2022 at 1:36 pm #

    where to buy sildalis

  81. JimRar June 6, 2022 at 2:05 pm #

    zofran otc

  82. TeoRar June 6, 2022 at 5:43 pm #

    phenergan 25 mg tablet price

  83. JimRar June 6, 2022 at 8:25 pm #

    cozaar potassium

  84. AmyRar June 6, 2022 at 10:44 pm #

    buy zofran online no prescription

  85. KiaRar June 7, 2022 at 7:33 am #

    zestoretic 5 mg

  86. EvaRar June 7, 2022 at 10:03 am #

    how much is propranolol cost

  87. JimRar June 7, 2022 at 11:49 am #

    price of zestril 30 mg

  88. TeoRar June 7, 2022 at 12:47 pm #

    lisinopril 419

  89. AnnaRar June 7, 2022 at 12:47 pm #

    diflucan for sale

  90. DenRar June 7, 2022 at 6:11 pm #

    buy prozac online india

  91. Djaghn June 8, 2022 at 1:50 am #

    buy lisinopril 10mg pill – buy lisinopril 10mg generic purchase atenolol for sale

  92. LisaRar June 8, 2022 at 1:59 am #

    inderal 40 mg tablet

  93. KiaRar June 8, 2022 at 2:10 am #

    cipro 250 mg tabs

  94. AmyRar June 8, 2022 at 4:46 am #

    antabuse 500 mg price

  95. DenRar June 8, 2022 at 8:47 am #

    budesonide 160

  96. KiaRar June 8, 2022 at 2:48 pm #

    generic strattera usa

  97. CarlRar June 8, 2022 at 4:52 pm #

    cost price antabuse

  98. JaneRar June 8, 2022 at 5:03 pm #

    amoxil tablet price

  99. UgoRar June 8, 2022 at 6:59 pm #

    tizanidine 60 mg

  100. AshRar June 8, 2022 at 9:46 pm #

    ampicillin 250 bactrim 400mg

  101. JimRar June 9, 2022 at 4:48 am #

    tadacip 40 mg

  102. DenRar June 9, 2022 at 8:07 am #

    generic propecia 1 mg

  103. JimRar June 9, 2022 at 11:21 am #

    propecia australia

  104. UgoRar June 9, 2022 at 1:14 pm #

    erectafil canada

  105. Mrevyy June 9, 2022 at 1:15 pm #

    buy levitra 10mg – clomiphene 50mg cost buy clomid pill

  106. KimRar June 9, 2022 at 5:37 pm #

    propecia 2017

  107. LisaRar June 9, 2022 at 6:50 pm #

    albenza online

  108. EvaRar June 9, 2022 at 7:53 pm #

    albendazole uk

  109. KiaRar June 9, 2022 at 8:01 pm #

    fluoxetine 20

  110. TedRar June 9, 2022 at 8:46 pm #

    diclofenac in india

  111. AshRar June 9, 2022 at 10:21 pm #

    avodart avodart online usa

  112. KimRar June 10, 2022 at 7:42 am #

    nexium generic cost

  113. AnnaRar June 10, 2022 at 9:32 am #

    anafranil generic cost

  114. AmyRar June 10, 2022 at 9:47 am #

    clonidine hcl 0.1mg tablets

  115. TeoRar June 10, 2022 at 2:26 pm #

    lexapro brand name coupon

  116. EvaRar June 10, 2022 at 2:29 pm #

    online pharmacy motilium

  117. KiaRar June 10, 2022 at 2:54 pm #

    gabapentin 2018

  118. WimRar June 10, 2022 at 3:37 pm #

    medicine fluoxetine 20 mg

  119. UgoRar June 10, 2022 at 3:44 pm #

    augmentin price comparison

  120. MarkRar June 10, 2022 at 7:58 pm #

    augmentin 875 for sale

  121. TedRar June 11, 2022 at 3:29 am #

    propecia cheapest price uk

  122. Kymvzl June 11, 2022 at 4:48 am #

    ventolin 2mg over the counter – online casino slots priligy oral

  123. DenRar June 11, 2022 at 5:28 am #

    cymbalta from canada price

  124. AmyRar June 11, 2022 at 8:00 am #

    neurontin without prescription

  125. EvaRar June 11, 2022 at 8:48 am #

    order diclofenac online

  126. AnnaRar June 11, 2022 at 9:47 am #

    trustworthy online pharmacy

  127. TedRar June 11, 2022 at 10:20 am #

    cost of prozac in india

  128. JimRar June 11, 2022 at 2:55 pm #

    generic viagra 100mg pills

  129. CarlRar June 11, 2022 at 2:59 pm #

    buy tadacip online uk

  130. Edgardrona June 11, 2022 at 9:11 pm #

    colchicine 0.6 mg tablet cost

  131. ElwoodLak June 12, 2022 at 12:45 am #

    acyclovir 5

  132. JimRar June 12, 2022 at 12:52 am #

    seroquel tablets 200mg

  133. Michaelbal June 12, 2022 at 2:24 am #

    cafergot tablets in india

  134. TeoRar June 12, 2022 at 2:43 am #

    propranolol inderal la

  135. DavidPaf June 12, 2022 at 3:36 am #

    ampicillin 5g

  136. MarvinPrees June 12, 2022 at 4:22 am #

    xenical buy cheap

  137. MichaelHax June 12, 2022 at 5:18 am #

    how can i get avodart

  138. MichaelBoG June 12, 2022 at 5:33 am #

    avodart coupon

  139. AnnaRar June 12, 2022 at 6:14 am #

    lioresal 20 mg

  140. MiclReasp June 12, 2022 at 7:55 am #

    dapoxetine 60mg price in india

  141. CarlRar June 12, 2022 at 9:12 am #

    tizanidine coupon

  142. DenRar June 12, 2022 at 10:30 am #

    prozac in mexico

  143. TedRar June 12, 2022 at 11:08 am #

    where can i get seroquel

  144. Edgardrona June 12, 2022 at 12:30 pm #

    avodart soft capsules

  145. mortgage broker near me June 12, 2022 at 12:52 pm #

    After looking at a number of the blog articles on your web site, I really appreciate your way of writing a blog.
    I book marked it to my bookmark site list and will be checking back in the near
    future. Please check out my website too and tell me your opinion.

  146. AmyRar June 12, 2022 at 1:39 pm #

    suhagra 50 mg price in india

  147. Charlesnub June 12, 2022 at 1:50 pm #

    suhagra 100 canada

  148. RodneyKit June 12, 2022 at 2:13 pm #

    suhagra 100mg buy online

  149. TommyKig June 12, 2022 at 2:28 pm #

    no script levitra generic

  150. MiaRar June 12, 2022 at 2:55 pm #

    suhagra 100mg india

  151. ElwoodLak June 12, 2022 at 3:09 pm #

    metformin canada online

  152. Edgardrona June 12, 2022 at 3:46 pm #

    generic plaquenil prices

  153. Olpypr June 12, 2022 at 4:29 pm #

    order synthroid 75mcg sale – levothyroxine for sale order plaquenil without prescription

  154. KimRar June 12, 2022 at 4:32 pm #

    medication tizanidine 4mg

  155. EstebanTUb June 12, 2022 at 8:24 pm #

    prazosin 1 mg cost

  156. Robertvoick June 12, 2022 at 11:12 pm #

    plaquenil generic brand

  157. MiclReasp June 12, 2022 at 11:20 pm #

    colchicine pill

  158. KiaRar June 12, 2022 at 11:39 pm #

    brand name cymbalta

  159. Daviscup June 13, 2022 at 12:40 am #

    erythromycin 500 mg brand name

  160. Robertvoick June 13, 2022 at 12:46 am #

    generic robaxin canada

  161. Michaelbal June 13, 2022 at 1:02 am #

    plaquenil discount

  162. EvaRar June 13, 2022 at 1:20 am #

    buy seroquel australia

  163. MarkRar June 13, 2022 at 1:43 am #

    cheapest suhagra

  164. TommyKig June 13, 2022 at 2:16 am #

    avodart uk online

  165. ElwoodLak June 13, 2022 at 3:10 am #

    amoxil tablets price

  166. MiclReasp June 13, 2022 at 4:38 am #

    bactrim 800mg 160mg

  167. SamuelBix June 13, 2022 at 6:26 am #

    can i buy ventolin online

  168. SamuelBix June 13, 2022 at 7:22 am #

    prazosin erectile dysfunction

  169. MichaelHax June 13, 2022 at 7:22 am #

    ampicillin 500

  170. MichaelHax June 13, 2022 at 9:08 am #

    antibiotic augmentin

  171. SamuelBix June 13, 2022 at 9:29 am #

    bactrim tablet india

  172. JaneRar June 13, 2022 at 10:16 am #

    indocin medicine

  173. KimRar June 13, 2022 at 11:22 am #

    seroquel

  174. TommyKig June 13, 2022 at 11:39 am #

    bactrim ds 800 160

  175. RodneyKit June 13, 2022 at 1:16 pm #

    disulfiram antabuse

  176. CarlRar June 13, 2022 at 1:18 pm #

    albendazole cost in canada

  177. DenRar June 13, 2022 at 8:28 pm #

    lexapro purchase

  178. KimRar June 13, 2022 at 8:40 pm #

    lisinopril 80mg tablet

  179. TeoRar June 13, 2022 at 8:52 pm #

    fluoxetine 15 mg tablet

  180. AmyRar June 13, 2022 at 11:01 pm #

    zanaflex 8 mg

  181. Daviscup June 14, 2022 at 3:33 am #

    buy avodart cheap

  182. Nhwthk June 14, 2022 at 4:08 am #

    cheap cialis 5mg – sildenafil 100mg price viagra 100mg price

  183. MichaelInfot June 14, 2022 at 4:43 am #

    tadacip usa

  184. CarlRar June 14, 2022 at 5:19 am #

    where to buy vermox in usa

  185. EvaRar June 14, 2022 at 5:35 am #

    buy vermox cheap

  186. JimRar June 14, 2022 at 9:28 am #

    celexa 200 mg

  187. TedRar June 14, 2022 at 11:29 am #

    citalopram 20mg tablets price

  188. MarkRar June 14, 2022 at 12:37 pm #

    cymbalta 60mg

  189. Robertvoick June 14, 2022 at 2:13 pm #

    soft levitra

  190. UgoRar June 14, 2022 at 6:01 pm #

    buy tadacip 20

  191. TedRar June 14, 2022 at 6:42 pm #

    diflucan pill

  192. EstebanTUb June 14, 2022 at 8:03 pm #

    bactrim 120

  193. MiaRar June 14, 2022 at 10:02 pm #

    baclofen over the counter

  194. EstebanTUb June 14, 2022 at 10:50 pm #

    zovirax cream best price

  195. KimRar June 15, 2022 at 12:18 am #

    levitra online buy

  196. JoeRar June 15, 2022 at 7:16 am #

    vermox otc toradol 70 mg tablet

  197. AnnaRar June 15, 2022 at 7:28 am #

    levitra 10 mg tablet

  198. KimRar June 15, 2022 at 11:26 am #

    buy tadacip 10 mg

  199. DenRar June 15, 2022 at 11:49 am #

    tizanidine tablets

  200. DenRar June 15, 2022 at 2:36 pm #

    buy metformin 1000 mg

  201. WimRar June 15, 2022 at 8:58 pm #

    prazosin hcl 1mg cap

  202. SueRar June 15, 2022 at 11:35 pm #

    vermox tablet india

  203. Dknnap June 16, 2022 at 12:13 am #

    buy deltasone pills – buy amoxil generic buy amoxil 1000mg for sale

  204. JaneRar June 16, 2022 at 1:55 am #

    dapoxetine tablets for sale

  205. Robertvoick June 16, 2022 at 7:44 am #

    cheap viagra generic online

  206. BooRar June 16, 2022 at 8:14 am #

    tadacip 40

  207. CarlRar June 16, 2022 at 11:54 pm #

    buy glucophage 1000mg

  208. SamuelBix June 17, 2022 at 1:47 am #

    viagra daily use

  209. Gfndui June 17, 2022 at 1:49 am #

    order diltiazem pills – prednisolone pills buy gabapentin 600mg generic

  210. KiaRar June 17, 2022 at 4:00 am #

    avodart prices canada

  211. BooRar June 17, 2022 at 5:02 am #

    acyclovir online pharmacy

  212. JaneRar June 17, 2022 at 6:44 am #

    where can i buy vermox online