21 Day Practice of Capitalism – Day 5 – Priorities
Michelle LaBrosse, PMP
Project Priority Ranking
I was raised to believe I could do anything I wanted to do. What I’ve realized over time though is I can’t do everything I want – there are only so many hours in the day. I’ve learned how to make better decisions on what it is I will focus my time and attention to make sure it’s something I really really really want to do. For every project I pursue, there is literally a hundred I have decided at the concept stage not to pursue. I do a preliminary project agreement when I’m thinking of getting into projects to see if it is something I’d really want to get involved with. I require the same of others who want my involvement. You can get a free copy of a project agreement at http://www.cheetahsmartstart.com/ And when I have a lot of projects vying for my time and attention, I do a project priority matrix.
We evaluate each project based on these nine areas:
- Do we have the skills on hand to do the project?
- How much more capability will we develop to do other things we want to go after by doing this project?
- How much money will it cost to finish the project?
- How much money will it cost to maintain the results of the project once we are finished?
- How much revenue will the results of the project make over it’s lifetime?
- How much fun will we have doing the project and using the output of the project?
- How will the project help us reduce risk for future projects?
- For how many people will the results of this project help?
- How will the project help us become more sustainable for the long term?
