Step 3: Assigning weights to each criterion: Agree on which criterion has the largest impact on the company For example: If the criterion is “aligns with strategic goals,” then the grades may be: “0 – not at all”, “3 – with 2 or fewer goals”, “6 – with the majority of goals”, “9 – with all of the goals.” Step 2: Setting the grading values: Each criterion must receive a grade, which depicts how it aligns. Step 1: Agreeing on the criteria - Which criterion will be scored and measured for each proposal The following steps need to be taken to put a matrix together – Putting together a solid matrix is a team effort and needs to get input from all stakeholders and team members. The Prioritization Matrix tool can also be used to decide which tasks should be prioritized if the resources are limited (time, experts, machines, etc.). Many executives tasked with making these decisions rely on their experience and instincts, which don’t always lead to the most promising projects being given the go-ahead. icon-chevron Resource and Capacity Plans.Resource and Capacity Plans icon-chevron Expand submenu.Project Management Concepts icon-chevron.Project Initiation icon-chevron Expand submenu.PMO Starter icon-chevron Expand submenu.Disaster and Recovery ( DR) icon-chevron.icon-chevron Benefits Realization Management. Benefits Realization Management icon-chevron Expand submenu.
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