Prioritization for Initiatives
- Thorsten Kamann
- Zachary Snow (Unlicensed)
With the prioritization macro, you can prioritize your initiatives based on 5 objective criteria. The criteria are business value, time criticality, risk minimization, business opportunities and duration. The prioritization value is calculated automatically and can be inserted anywhere on the page.
Using this macro, you can evaluate and prioritize initiatives (1). The prioritization value is automatically calculated, helping you make data-driven decisions about which initiatives to pursue first. The evaluation is done for the first 4 criteria using a consistent scale: 3: Low, 5: Medium, 8: High, 13: Very High. Only the last value Estimation Metric uses a different scale.
Criteria | Description |
|---|---|
Value | How high is the value of the initiative for the product or organization? |
Time Critically | Is the completion of the initiative time-critical? Is there perhaps a competitor who will be first to market with a similar product or feature? |
Risk Mitigation | How much risk for the product or organization am I addressing with this initiative? |
Business Opportunity | Welche Geschäftschancen eröffne ich mit dieser Initiative? |
Estimation Metric | In which time unit would I later estimate this initiative? Possible options are:
|
How the priority value is calculated
The table consists of 5 values that you can specify. The single values are a simple Fibonacci series. And you see the value used for computation in the label (the number at the beginning). The value is calculated using a simple formula. This is the formula:
(Value+Time Criticality + Risk reduction + Business opportunities)*10 / Duration
How to edit the macro?
To edit the macro you need to be in the edit mode of the page, click on the table and choose the edit option (1) (the pencil icon). Afterwards you see the available options in the sidebar (2). All changes are visible without separate saving.