Project Prioritization Matrix Calculator
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Post on 01-Dec-2014
Register for our dynamic Champion, Green Belt and Black Belt Programs: firstname.lastname@example.orgProject Prioritisation MatrixWeighting: Project Name 1. 2. 3. 4. 5. 6.Instructions: 1. Weighting: Type a weighting between (1 and 10) for each of the Categories shown above. 2. Project Name: Type the name for each Project. 3. Category: Rate each Category for each project between 1 and 5 ( 1 = Low and 5 = High ).Importance to CustomerCategories Financial Cost to Return ImplementSuccess FactorProject Priority 0 0 0 0 0 0CalculateTip: The highest score indicates the Project with the highest Priority.www.sai-global.comv1.1HelpHere is an example from SAI Global Assurance Services' Introducing Six Sigma Course: In the example provided, an organisation has identified four potential projects.Weighting:36 Categories26Project Name 1. Customer Database 2. Phone System 3. Delivery Process 4. Staff TrainingImportance to Customer 1 3 5 4Financial Return 2 3 4 3Cost to Implement 5 4 3 3Success Factor 3 3 4 2Further information regarding this and other Six Sigma topics are covered in the SAI Global Assurance Services' Champion, Green Belt and Black Belt Six Sigma Programs. www.sai-global.comProject Priority 23 37 57 36vered in the SAI Global Assurance BackIn many cases, organisations use a prioritisation tool to help select the Six Sigma projects that are to be worked on. The complexity and approach for these tools will vary for each organisation however they essentially follow the principles of risk management. How the Project Prioritisation Matrix calculates the Project Priority is quite simple. The formula applied is as follows:Project Priority = Category 1 (weighting x ranking) + Category 2 (weighting x ranking) Category 3 (weighting x ranking) + Category 4 (weighting x ranking)You will notice that Category 3 (Cost to Implement) is subtracted from the Project Priority whilst the other Categories are added to the Project Priority. This balances the final priority against the Financial Return Category. If the Financial Retur is low and the Cost to Implement high, the Project Priority will be low regardless of the Importance to the Customer and the Success Factor. This highlights one of the critical features of a Six Sigma project, it must have a positive impact on the bottom line.Examplewww.sai-global.comSigma projects that are to be worked on. The wever they essentially follow the principles oftegory 3 (weighting x ranking) +Project Priority whilst the other Categories are ancial Return Category. If the Financial Return dless of the Importance to the Customer and ma project, it must have a positive impact onBack
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