Decide High Priority Projects

Once project proposals have been submitted and collected, establish a process to identify the highest priority project proposals. This will include maintaining an inventory of proposed projects, applying ranking criteria, and establishing the highest priority proposals.

Determining high priority projects consists of two key steps:

  1. Apply criteria to compare and rank projects
  2. Obtain senior management approval

When you have completed this program, you will have:

  • A current inventory of proposed projects for prioritization.
  • A prioritized list of projects based solely on the information submitted in the project proposals.
  • A prioritized list of projects, adjusted by the project prioritization committee.
  • Printable lists of projects ranked by priority.
  • Templates for obtaining management approval to proceed to the next stages of project prioritization.

This phase will take on different formats according to each organization’s requirements. The primary stage of analysis is based only on the information as submitted in the project proposal forms; however, multiple iterations of management/committee-based evaluations can be completed as required.

Project Prioritization

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Steps Tools Related Research
FastTrack Activity Word Document Decide High Priority Projects FastTrack  
Rank Projects Excel Document Project Prioritization Master Tool
Obtain Senior Management Approval for Prioritized Project List Word Document E-Mail Approval Template  
Rank Projects Excel Document Project Prioritization Master Tool
Obtain Senior Management Approval for Prioritized Project List Word Document E-Mail Approval Template  
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