Strategic Initiative Prioritization Matrix

INITIATIVE IDENTIFICATION

Initiative Inventory

INITIATIVE INVENTORY

STEP 1: GATHER ALL INITIATIVES
Collect initiatives from:
☐ Strategic planning sessions
☐ Department requests
☐ Customer feedback
☐ Competitive pressure
☐ Technology opportunities
☐ Regulatory requirements

INITIATIVE LIST:
1. _______________
   Source: _______________
   Sponsor: _______________

2. _______________
   Source: _______________
   Sponsor: _______________

3. _______________
   Source: _______________
   Sponsor: _______________

4. _______________
   Source: _______________
   Sponsor: _______________

5. _______________
   Source: _______________
   Sponsor: _______________

6. _______________
   Source: _______________
   Sponsor: _______________

7. _______________
   Source: _______________
   Sponsor: _______________

8. _______________
   Source: _______________
   Sponsor: _______________

STEP 2: CATEGORIZE
☐ Must-do (compliance, critical fixes)
☐ Should-do (strategic, high value)
☐ Nice-to-do (incremental, lower priority)
☐ Won't do (deprioritize)

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PRIORITIZATION CRITERIA

Scoring Framework

INITIATIVE SCORING CRITERIA

CRITERION 1: STRATEGIC ALIGNMENT (1-10)
How well does this support company strategy?
10: Core to strategy
7: Strongly supports strategy
4: Indirectly supports
1: Not aligned

CRITERION 2: REVENUE IMPACT (1-10)
What's the revenue potential?
10: >$10M impact
7: $5-10M impact
4: $1-5M impact
1: <$1M impact

CRITERION 3: COST EFFICIENCY (1-10, inverse)
What investment is required?
10: <$100K investment
7: $100K-500K
4: $500K-$1M
1: >$1M

CRITERION 4: RISK LEVEL (1-10, inverse)
What's the execution risk?
10: Low risk, proven approach
7: Moderate risk
4: High risk
1: Very high risk

CRITERION 5: SPEED TO VALUE (1-10)
How quickly will we see results?
10: <3 months
7: 3-6 months
4: 6-12 months
1: >12 months

CRITERION 6: RESOURCE AVAILABILITY (1-10)
Do we have the people/skills?
10: Fully resourced
7: Minor gaps
4: Significant gaps
1: Major gaps

CRITERION WEIGHTING:
Strategic alignment: ___% (suggest 25%)
Revenue impact: ___% (suggest 25%)
Cost efficiency: ___% (suggest 15%)
Risk level: ___% (suggest 15%)
Speed to value: ___% (suggest 10%)
Resource availability: ___% (suggest 10%)
Total: 100%

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SCORING MATRIX

Initiative Scoring Worksheet

INITIATIVE SCORING

INITIATIVE: _______________
Owner: _______________
Date: _______________

SCORING:

| Criterion | Weight | Score (1-10) | Weighted |
|-----------|--------|--------------|----------|
| Strategic alignment | 25% | /10 | |
| Revenue impact | 25% | /10 | |
| Cost efficiency | 15% | /10 | |
| Risk level (inverse) | 15% | /10 | |
| Speed to value | 10% | /10 | |
| Resource availability | 10% | /10 | |
| **TOTAL** | 100% | | **___/10** |

SCORE INTERPRETATION:
8-10: High priority - Do now
6-7.9: Medium priority - Plan for
4-5.9: Low priority - Defer
<4: Deprioritize - Don't do

Comparative Matrix

Initiative	Align	Revenue	Cost	Risk	Speed	Resource	Total	Rank
Init 1	/10	/10	/10	/10	/10	/10
Init 2	/10	/10	/10	/10	/10	/10
Init 3	/10	/10	/10	/10	/10	/10
Init 4	/10	/10	/10	/10	/10	/10
Init 5	/10	/10	/10	/10	/10	/10

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VISUAL PRIORITIZATION

Impact vs. Effort Matrix

IMPACT VS. EFFORT MATRIX

                    HIGH IMPACT
                        ↑
                        |
   DO FIRST          |    MAJOR PROJECTS
   (Quick wins)      |    (Plan carefully)
                     |
   ☐ Init ___       |    ☐ Init ___
   ☐ Init ___       |    ☐ Init ___
                     |
←────────────────────┼────────────────────→
    LOW EFFORT       |         HIGH EFFORT
                     |
   FILL-INS          |    DEPRIORITIZE
   (If time allows)  |    (Avoid)
                     |
   ☐ Init ___       |    ☐ Init ___
   ☐ Init ___       |    ☐ Init ___
                     |
                        ↓
                    LOW IMPACT

QUADRANT ACTIONS:
Q1 (High impact, Low effort): Execute immediately
Q2 (High impact, High effort): Plan and resource
Q3 (Low impact, Low effort): Do when convenient
Q4 (Low impact, High effort): Eliminate

Value vs. Risk Matrix

	Low Risk	High Risk
High Value	✓ Do First	⚠ Plan Carefully
Low Value	→ Fill-ins	✗ Deprioritize

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RESOURCE ALLOCATION

Initiative Resourcing

RESOURCE ALLOCATION

AVAILABLE RESOURCES:
Budget available: $_______________
Engineering capacity: ___ FTEs
Other capacity: ___ FTEs

ALLOCATION BY INITIATIVE:

INITIATIVE 1: _______________
Priority: ___ /10
Budget: $_______________
People: ___ FTEs
Timeline: _______________

INITIATIVE 2: _______________
Priority: ___ /10
Budget: $_______________
People: ___ FTEs
Timeline: _______________

INITIATIVE 3: _______________
Priority: ___ /10
Budget: $_______________
People: ___ FTEs
Timeline: _______________

RESOURCE CHECK:
☐ Total budget allocated: $_______ vs $_______ available
☐ Total FTEs allocated: _______ vs _______ available
☐ Timeline realistic: Yes / No

Trade-off Decisions

TRADE-OFF DOCUMENTATION

We prioritized [Initiative A] over [Initiative B] because:
_______________________________________________

We chose NOT to do [Initiative X] because:
_______________________________________________

We deferred [Initiative Y] to [timeframe] because:
_______________________________________________

These trade-offs were approved by:
Name: _______________
Date: _______________

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