Innovation Project Prioritization Template

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Efficiently manage and prioritize your innovation projects using this comprehensive template. By leveraging the Priority Matrix, you can rank projects based on urgency and importance, ensuring that the most impactful initiatives receive the attention and resources they need.

This template will guide you through compiling a list of ongoing projects, ranking them by importance and urgency, assigning priority levels, and reviewing resource allocation. Regular check-ins and adjustments ensure that your innovation efforts remain aligned with business goals and changing needs.

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Innovation Project Prioritization for Priority Matrix

Innovation Project Prioritization in Priority Matrix

Prioritize innovation projects effectively to ensure impactful initiatives move forward.

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Proposed Tasks

Critical & Immediate

  • Communicate Project Priorities to Team due in 1 day
    ☐ Hold team meeting ☐ Communicate project priorities
  • Assign Priority Levels to Projects due in 3 days
    ☐ Combine importance and urgency rankings ☐ Assign each project a priority level
  • Compile List of Innovation Projects due in 1 week
    ☐ Identify all ongoing projects ☐ Assign a team to each project
  • Review Resource Allocation for High Priority Projects due in 1 week
    ☐ Identify resource needs for each project ☐ Ensure sufficient resources are allocated

Important but not Urgent

  • Rank Projects Based on Importance due in 2 days
    ☐ Identify key stakeholders for each project ☐ Get stakeholder input on project importance
  • Rank Projects Based on Urgency due in 2 days
    ☐ Review project timelines ☐ Identify any external deadlines
  • Monitor Project Progress due in 2 weeks
    ☐ Set up regular check-ins with project teams ☐ Identify any issues or delays
  • Adjust Project Priorities as Needed due in 3 weeks
    ☐ Review project priorities ☐ Adjust as needed based on project progress and changing business needs

Urgent but not Important

  • Plan for Future Innovation Projects due in 6 weeks
    ☐ Identify potential future projects ☐ Begin initial planning and resource allocation

Not Urgent & Not Important

  • Review Completed Projects due in 1 month
    ☐ Hold project post-mortems ☐ Identify lessons learned