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Q: Prioritising projects

Is there a formula to help prioritize one project over another? Is there anything in PRINCE2 that could help? What are the main things to look at? What if more than one project has merit?

acane20
Asked by ambercane
from ProFree713 on 21-08-2010 at 11:52
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Member Answer

It's not much but http://betterprojects.jiscinvolve.org/wp/category/prioritisation/ is a link to the two postings on my blog indexed under prioritisation. I hope you get other responses. I'm wrestling with a toolkit for a simple approach to measuring and demonstrating value/benefits/return on investment/innovativeness in a project. There was a first tentative presentation at http://www.slideshare.net/paulmayes/project-benefits-impacts

best wishes

Paul Mayes

Answer by Paul Mayes (0) Consultant at betterprojects.jiscinvolve.org on 23-08-2010 at 12:29
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Member Answer

I've use a process of prioritisation in projects for managing requrements before, based on a weighted system where we looked at the relative benefit of having a feature against not having a feature for the customer,  and the comparing against the cost and complexity of implementation. It works to a point.

Alternativly, from a PRINCE2 perspective, I've used the project board and an escalated issue management procedure to get a steer for what should be prioritised. Its why they are there afterall....

Answer by James Toon (0) ERIS Project Manager at University of Edinburgh on 26-08-2010 at 07:42