Example Criteria and Definition + Weighting + Rating Possibility + Rating Assessment of (10) + Points Calculated
CRITERIA DECISION-MAKING
Many clients do not utilize a formal method to prioritize their strategic and / or tactical projects. We, at Incline Insights, LLC, provide our clients with two team-based project prioritization methods to consider:
- IMPACT / PROBABILITY OF SUCCESS METHOD
- CRITERIA DECISION-MAKING
IMPACT / PROBABILITY OF SUCCESS METHOD: This method assesses the IMPACT (low, medium, or high) for each potential project vs. the stated business goals and objectives (financial and non-financial). It also assesses the PROBABILITY OF SUCCESS (low, medium, or high) for each potential project should you choose to implement it.
This post is focused on the second project prioritization method that we offer to our clients (see the graphic) - CRITERIA DECISION-MAKING. This particular tool is more detail-oriented vs. the IMPACT & PROBABILITY OF SUCESS method, which is more intuitive. Keep in mind that both methods are very effective and an After-Action Review is completed after applying either tool.
PROJECT PRIORITIZATION is required for both the Business-Level Strategy Development process and the ENTERPRISE VALUE STREAM DEVELOPMENT process ... we have deep experience helping clients with both of these:
1. Business-Level Strategy Development
2. Enterprise Value Stream Map Development
We’ve helped and transferred the knowledge for how to use the IMPACT / PROBABILITY OF SUCCESS and the CRITERIA DECISION-MAKING methodologies to numerous clients located throughout North America and Europe - WITH GREAT SUCCESS. Our clients (1) learned how to use the method of their choice; 2. applied it to create a portfolio of projects that linked directly to the achievement of their business objectives; 3. enjoyed the experience of learning and immediately applying; 4. gained the knowledge for how to maintain a pipeline of prioritized projects in the future; 5. experienced how to utilize an After-Action Review tool to ensure continuous improvement.
Incline Insights, LLC ... Tailored. Focused. Solutions.
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