10 signs that indicate poor prioritization of projects in your organization
Wasim Khalil Ali
Fintech Project Leader | 20+ Years Driving Multi-Million Dollar Projects in Payments & Digital Innovation | Mcs PgMP PMI ACP PMP | Senior Project Manager at ProgressSoft
Effective project prioritization is vital for an organization's success. It helps align projects with strategy, quantify their value, and identify low-value projects that can be eliminated. It resolves resource allocation challenges and gains stakeholders' and delivery teams' buy-in.
Prioritization balances the project's portfolio in the backlog and builds a realistic roadmap. In simpler terms, prioritization is a process that determines which projects are the most important, allowing you to focus your resources on delivering them successfully.
?? 10 signs of poor projects prioritization:
"By recognizing the ten signs of poor project prioritization within your organization, you are taking the first step towards improving its efficiency and effectiveness."
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?? Sign 1: 75% of your projects are classified as Priority 1
Story:
Sameera is an IT project manager who oversees all projects in her organization. Her team ensures successful project delivery, and the company has won many contracts and projects due to the significant growth and demand in the technology market, especially since the pandemic.
Samira reported to the CEO and executive board that there were more projects than available resources. She requested that the projects be prioritized to avoid delays and inefficiencies.
CEO stated that all projects are equally important and need to be completed on time without any delays and assigned every project as Priority 1.
Sameera, the Project Manager, realized that managing every project with equal priority was not practical. She suggested prioritizing projects to achieve optimal results, as certain projects were more significant than others.
Meera was concerned about the sustainability of their current pace and pressure, and the long-term viability of the company.
?? "The Priority 1 Problem"
That's a whopping 75% of projects tagged as Priority, and it is a common challenge in project management, where too many projects are assigned the same high priority, leading to confusion, inefficiency, and poor results.
To avoid this problem, You should prioritize your projects based on their urgency, importance, feasibility, and alignment with your strategy and goals in a clear and systematic manner.
Methods and tools like scoring models, prioritization matrices, decision trees, and software applications can help you prioritize projects objectively and consistently, communicate and justify priorities, balance project portfolios, and adjust priorities as needed.
?? Have you ever faced the Priority 1 Problem in your work or personal life? How did you deal with it? ??
"I will discuss the second sign in the upcoming article. ??"