It is designed to help people prioritize tasks in order to focus on tasks that are most important and eliminate tasks that do not add value. The Eisenhower matrix is a 2×2 matrix that also applies urgency and importance. The priority matrix we are talking about is a little different than what is referred to as an Eisenhower Matrix, which is focused on task management. Priority Matrix Example The Eisenhower Matrix Versus the Priority Matrix prioritization based on the category of work) and when there are more categories of work, greater segmentation is useful. Remember – a priority matrix is categorical prioritization (i.e. This is valuable when organizations need a wider range of options for categorizing projects. If no prioritization is done in an environment with a high volume of work requests, work intake simply becomes a matter of starting projects on a first-in/first-out basis, which violates the principles of portfolio management In this way, we can further segment priorities across each impact level. We can add an urgency dimension to the priority matrix by using three columns in the matrix below (each column representing a different level of urgency). In the example below, we expand this much further to provide a greater range of priority categories within the must do/need to do/should do/could do paradigm (each row representing a different level of impact). The most simplistic prioritization matrix has three choices, the classic low/medium/high, but some organizations may utilize “must do”, “need to do”, “should do”, and “could do” priority assignments. A priority matrix is easy to understand and simple to use because calculations are not required. It has three primary strengths: simplicity, speed, and applicability to all types of work (projects and operational work). What is a Priority Matrix?Ī priority matrix is a tool used to categorically prioritize types of work. In this post we will cover what a priority matrix is and how to use a prioritization matrix in the context of project portfolio management.
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