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How To Create a Prioritization Matrix

Making the prioritization matrix is helpful when all cannot be done at the same time. Prioritization matrix diagram shows the relationships between factors and this helps , to prioritize tasks and resources. This helps you to narrow down variants. By selecting and weighing options you can quickly determine the best choices and direct team to the best destinations. Prioritization matrix helps to identify a best way of implementing the most priority tasks. It is helpful in a case when you have limited resources. ConceptDraw solution for management and planning compiled from the Seven Management and Planning Tools, provides the ability to quickly build Prioritization Matrix diagrams for your project using special template.

Prioritization Matrix

You can design the Prioritization Matrix by hand on the paper, but we offer you the most easier way - to use the ConceptDraw DIAGRAM diagramming and vector drawing software extended with Seven Management and Planning Tools Solution from the Management Area.

PROBLEM ANALYSIS. Prioritization Matrix

ConceptDraw OFFICE suite is a software for Prioritization Matrix diagram making. This diagram ranks the drivers’ factors to determine priority. It identifies the factors of the first priority for analysis of possible corrective actions. It assesses the weight of each factor for each criterion and specifies it in the Prioritization Matrix. The total sum of weights for a factor’s criteria indicates its priority.
7MP Tools
7MP Tools
This vector stencils library contains 10 templates for drawing the prioritization matrices using the ConceptDraw PRO diagramming and vector drawing software.
The prioritization matrix is one of the Seven Management and Planning Tools (7 MP tools, Seven New Quality Tools).
"Prioritization Matrix ... is used to prioritize items and describe them in terms of weighted criteria. It uses a combination of tree and matrix diagramming techniques to do a pair-wise evaluation of items and to narrow down options to the most desired or most effective. Popular applications for the Prioritization Matrix include Return-on-Investment (ROI) or Cost-Benefit analysis (Investment vs. Return), Time management Matrix (Urgency vs. Importance), etc." [Seven Management and Planning Tools. Wikipedia]
Use prioritization matrix to rank items based on a set of criteria.
The example "Design elements - Prioritization matrix" is included in the solution "Seven Management and Planning Tools" from the Management area of ConceptDraw Solution Park.
Prioritization matrices
Prioritization matrices, prioritization matrix,
Used Solutions
"Prioritization Matrix ... tool is used to prioritize items and describe them in terms of weighted criteria. It uses a combination of tree and matrix diagramming techniques to do a pair-wise evaluation of items and to narrow down options to the most desired or most effective. Popular applications for the Prioritization Matrix include Return-on-Investment (ROI) or Cost-Benefit analysis (Investment vs. Return), Time management Matrix (Urgency vs. Importance), etc." [Seven Management and Planning Tools. Wikipedia]
The opportunity prioritization matrix example was created using the ConceptDraw PRO diagramming and vector drawing software extended with the solution "Seven Management and Planning Tools" from the Management area of ConceptDraw Solution Park.
Prioritization matrix
Prioritization matrix, prioritization matrix,
Used Solutions
"A prioritization matrix is a simple tool that provides a way to sort a diverse set of items into an order of importance. It also identifies their relative importance by deriving a numerical value for the priority of each item.
The matrix provides a means for ranking projects (or project requests) based on criteria that are determined to be important. This enables a department to see clearly which projects are the most important to focus on first, and which,
if any, could be put on hold or discontinued." [oqi.wisc.edu/ resourcelibrary/ uploads/ resources/ Project_ Prioritization_ Guide_ v_ 1.pdf]
The sales activity prioritization matrix example was created using the ConceptDraw PRO diagramming and vector drawing software extended with the solution "Seven Management and Planning Tools" from the Management area of ConceptDraw Solution Park.
Prioritization matrix
Prioritization matrix, prioritization matrix,
Used Solutions
"The management and administration of health care is ... sector vital to the delivery of health care services. In particular, the practice of health professionals and operation of health care institutions is typically regulated by national or state/ provincial authorities through appropriate regulatory bodies for purposes of quality assurance. Most countries have credentialing staff in regulatory boards or health departments who document the certification or licensing of health workers and their work history." [Health care. Wikipedia]
The prioritization matrix example "Health care problems" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the solution Seven Management and Planning Tools from the Management area of ConceptDraw Solution Park.
Prioritization matrix
Prioritization matrix, prioritization matrix,
Used Solutions

Cause and Effect Analysis

Cause and Effect Analysis - The Seven Management and Planning Tools is a tool for Cause and Effect Analysis that allows users to analyze the root causes for factors that influenced the problem. This diagram is constructed separately for each highly prioritized factor. The Diagram is then used for further formulation of potential actions.
7MP Tools
7MP Tools

seven management and planning tools Seven Management and Planning Tools

seven management and planning tools
Seven Management and Planning Tools solution extends ConceptDraw DIAGRAM and ConceptDraw MINDMAP with features, templates, samples and libraries of vector stencils for drawing management mind maps and diagrams.

CORRECTIVE ACTIONS PLANNING. Involvement Matrix

The Involvement Matrix can identify the distribution of responsibilities and identify roles in a group or team. Use the Involvement Matrix to specify roles and responsibilities of actions in problem solving. ConceptDraw Office suite is a software for corrective actions planning.
7MP Tools
7MP Tools

PERT Chart Software

PERT Chart Software - Activity Network and Project Evaluation and Review Technique, or PERT, charts are a way of documenting and analyzing the tasks in a project. ConceptDraw DIAGRAM is a powerful diagramming and vector drawing software for designing professional looking PERT Charts quick and easy.

The Action Plan

Action Plan - For the action planning define people and groups involvement in corrective actions by roles, identify logical sequences of scheduled actions and critical path of problem solving, identify possible risks of action plan and propose preventive actions. ConceptDraw Office suite is a software for decision making and action plan.
7MP Tools
7MP Tools

marketing, process, chart, Marketing Charts, Marketing Diagrams, solution park Marketing

marketing, process, chart, Marketing Charts, Marketing Diagrams, solution park
This solution extends ConceptDraw DIAGRAM and ConceptDraw MINDMAP with Marketing Diagrams and Mind Maps (brainstorming, preparing and holding meetings and presentations, sales calls).

Affinity Diagram

The affinity diagram is a business tool used to organize ideas and data. It is one of the Seven Management and Planning Tools. But how design the Affinity Diagram quick and easy? ConceptDraw DIAGRAM diagramming and vector drawing software offers the Seven Management and Planning Tools Solution from the Management Area.

SWOT Matrix Template

SWOT analysis is a structured planning method, which lets define the objective of the business, internal and external factors favorable or unfavorable for achieving this objective, represent Strengths, Weaknesses, Opportunities, and Threats on the SWOT Matrix. SWOT analysis can be conducted for an industry, company, product, place, or person. It lets to choose the best path for development of an organization, helps to avoid dangers, gives opportunity to establish relationship between the potential of an organization and the problems, lets to assess the values of profitability and compare them with performance of competitors, gives the possibility to expand and enhance the competitive advantages. SWOT and TOWS Matrix Diagrams solution included to ConceptDraw Solution Park contains wide variety of SWOT and TOWS matrix diagrams examples and samples, and also specially developed templates. Each SWOT template have great value in easy and quick drawing of SWOT matrices and diagrams in ConceptDraw DIAGRAM diagramming and vector drawing software for Mac OSX and Windows.