Project Prioritization Matrix

The Project Prioritization Matrix is a tool used to help prioritize projects based on their importance and feasibility. It is a 2x2 matrix that divides projects into four categories: high importance and high feasibility, high importance and low feasibility, low importance and high feasibility, and low importance and low feasibility.

At a very high level, the Project Prioritization Matrix is used in the context of business, project management.

Project Prioritization Matrix quadrant descriptions, including examples
Want to try this template?
Other Templates

What is the Project Prioritization Matrix?

A visual explanation is shown in the image above. The Project Prioritization Matrix can be described as a matrix with the following quadrants:

  1. High Importance & High Feasibility: Projects in this quadrant are both important and achievable, and should be given the highest priority. Example: Developing a new product.
  2. High Importance & Low Feasibility: Projects in this quadrant are important but may be difficult to achieve. They should be given a medium priority. Example: Developing a new marketing campaign.
  3. Low Importance & High Feasibility: Projects in this quadrant are achievable but not very important. They should be given a low priority. Example: Updating the company website.
  4. Low Importance & Low Feasibility: Projects in this quadrant are both difficult to achieve and not very important. They should be given the lowest priority. Example: Developing a new mobile app.

What is the purpose of the Project Prioritization Matrix?

The Project Prioritization Matrix is a tool used to help prioritize projects based on their importance and feasibility. It is a 2x2 matrix that divides projects into four categories: high importance and high feasibility, high importance and low feasibility, low importance and high feasibility, and low importance and low feasibility. This matrix is useful for project managers and other decision makers who need to quickly assess a project's potential and prioritize it accordingly.

The high importance and high feasibility quadrant is the most desirable, as it means that the project is both important and achievable. Projects in this quadrant should be given the highest priority. The high importance and low feasibility quadrant is also important, as it means that the project is important but may be difficult to achieve. Projects in this quadrant should be given a medium priority. The low importance and high feasibility quadrant is the least desirable, as it means that the project is achievable but not very important. Projects in this quadrant should be given a low priority. Finally, the low importance and low feasibility quadrant is the least desirable, as it means that the project is both difficult to achieve and not very important. Projects in this quadrant should be given the lowest priority.


Want to try this template?

What templates are related to Project Prioritization Matrix?

The following templates can also be categorized as business, project management and are therefore related to Project Prioritization Matrix: Effort Impact Matrix, Gap Analysis Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, PICK Matrix, Quadrant Analysis, Risk Analysis Matrix. You can browse them using the menu above.

How can I use Project Prioritization Matrix in Priority Matrix?

You can get Project Prioritization Matrix in your Priority Matrix in just a moment:

  1. Click to sign in or create an account in the system
  2. Start adding your items to the matrix
  3. If you prefer it, download Priority Matrix and take your data with you

Learn more about Project Prioritization Matrix, and get free access to lots of other templates, at templates.app. Once you are comfortable with the document, you can easily export to Excel, if you prefer to work that way.

If you have any questions and you can't find the answer in our knowledge base, don't hesitate to contact us for help.