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    Project Prioritization Matrix Calculator

    Uploaded by

    Ahmad Ismail
    The document provides information about a project prioritization matrix tool used to help organizations select Six Sigma projects to work on. It gives an example of an organization that has identified four potential projects rated in categories like importance to customer, financial return, and cost to implement. The project priority score is calculated by adding the weighted rankings in some categories and subtracting it in the cost to implement category. This balances the priority against financial return, ensuring selected projects have a positive impact. The document recommends SAI Global's Champion, Green Belt, and Black Belt Six Sigma programs for more information on these topics.

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    Project Prioritization Matrix Calculator

    Uploaded by

    Ahmad Ismail
    1K views5 pages
    The document provides information about a project prioritization matrix tool used to help organizations select Six Sigma projects to work on. It gives an example of an organization that has identified four potential projects rated in categories like importance to customer, financial return, and cost to implement. The project priority score is calculated by adding the weighted rankings in some categories and subtracting it in the cost to implement category. This balances the priority against financial return, ensuring selected projects have a positive impact. The document recommends SAI Global's Champion, Green Belt, and Black Belt Six Sigma programs for more information on these topics.

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    The document provides information about a project prioritization matrix tool used to help organizations select Six Sigma projects to work on. It gives an example of an organization that has identified four potential projects rated in categories like importance to customer, financial return, and cost to implement. The project priority score is calculated by adding the weighted rankings in some categories and subtracting it in the cost to implement category. This balances the priority against financial return, ensuring selected projects have a positive impact. The document recommends SAI Global's Champion, Green Belt, and Black Belt Six Sigma programs for more information on these topics.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    1K views5 pages

    Project Prioritization Matrix Calculator

    Uploaded by

    Ahmad Ismail
    The document provides information about a project prioritization matrix tool used to help organizations select Six Sigma projects to work on. It gives an example of an organization that has identified four potential projects rated in categories like importance to customer, financial return, and cost to implement. The project priority score is calculated by adding the weighted rankings in some categories and subtracting it in the cost to implement category. This balances the priority against financial return, ensuring selected projects have a positive impact. The document recommends SAI Global's Champion, Green Belt, and Black Belt Six Sigma programs for more information on these topics.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 5

    Register for our dynamic Champion, Green Belt and Black Belt Programs: sixsigma@sai-global.

    com

    Project Prioritisation Matrix


    Weighting: Project Name 1. 2. 3. 4. 5. 6.
    Instructions: 1. Weighting: Type a weighting between (1 and 10) for each of the Categories shown above. 2. Project Name: Type the name for each Project. 3. Category: Rate each Category for each project between 1 and 5 ( 1 = Low and 5 = High ).

    Importance to Customer

    Categories Financial Cost to Return Implement

    Success Factor

    Project Priority 0 0 0 0 0 0

    Calculate

    Tip: The highest score indicates the Project with the highest Priority.

    www.sai-global.com
    v1.1

    Help

    Here is an example from SAI Global Assurance Services' Introducing Six Sigma Course: In the example provided, an organisation has identified four potential projects.

    Weighting:

    6 Categories

    Project Name 1. Customer Database 2. Phone System 3. Delivery Process 4. Staff Training

    Importance to Customer 1 3 5 4

    Financial Return 2 3 4 3

    Cost to Implement 5 4 3 3

    Success Factor 3 3 4 2

    Further information regarding this and other Six Sigma topics are covered in the SAI Global Assurance Services' Champion, Green Belt and Black Belt Six Sigma Programs. www.sai-global.com

    Project Priority 23 37 57 36

    vered in the SAI Global Assurance Back

    In many cases, organisations use a prioritisation tool to help select the Six Sigma projects that are to be worked on. The complexity and approach for these tools will vary for each organisation however they essentially follow the principles of risk management. How the Project Prioritisation Matrix calculates the Project Priority is quite simple. The formula applied is as follows:
    Project Priority = Category 1 (weighting x ranking) + Category 2 (weighting x ranking) Category 3 (weighting x ranking) + Category 4 (weighting x ranking)

    You will notice that Category 3 (Cost to Implement) is subtracted from the Project Priority whilst the other Categories are added to the Project Priority. This balances the final priority against the Financial Return Category. If the Financial Retur is low and the Cost to Implement high, the Project Priority will be low regardless of the Importance to the Customer and the Success Factor. This highlights one of the critical features of a Six Sigma project, it must have a positive impact on the bottom line.

    Example

    www.sai-global.com

    Sigma projects that are to be worked on. The wever they essentially follow the principles of

    tegory 3 (weighting x ranking) +

    Project Priority whilst the other Categories are ancial Return Category. If the Financial Return dless of the Importance to the Customer and ma project, it must have a positive impact on

    Back

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