Project Prioritization Methodology
I found this interesting criteria list on PM Hut to consider when deciding about project priorities:
- Urgency - When must this initiative be complete?
- Alignment – How well does this initiative supports the Organization’s Goals and Objectives?
- Productivity – How much will this initiative increase productivity?
- Cost Savings – How much cost will this initiative save over the next 3 years?
- Income Increases – How much with this initiative increase income?
- Morale – What is this initiatives morale improvement potential?
- Time To Complete – How long will it take to complete this initiative once started?
- Competitive Position – How will this initiative improve competitive position?
- Customer Service Levels – How will this initiative improve customer service levels?
This seems like a good set of criteria to pipe into Analytic Hierarchy Process as part of your Project Portfolio Management. It would be interesting to get a common management board agreement on weights.