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'A A' Prioritization Model: A Case Study

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4.6 How an ‘A’ player prioritizes – Prioritization models

Businesses always have a tough time making business choices and trying to get their decisions correct. There are all types of organization both public and private sectors. Recent business trends along with the global economy changes have put pressure on organizations to cut costs. At the same time, they have to be more effective in coming up with cost effective solutions that increase productivity. Organizations are impacted in a big way if they make the wrong choices in choosing and prioritizing their projects. With the advent of the internet, competitive forces have become more dynamic and customers, more demanding on the value provided along with improvement in service quality. The business can have serious impact if wrong decisions are taken or resources used ineffectively. …show more content…

Forced ranking: In this model, the project managers get together and force the projects in to a priority order. The projects are then added to the business portfolio in a ranked order till the resources available for the time frame are exhausted. All the projects that do not make it in the ranked priority list are then abandoned or postponed. There could be a few flaws in this process like bias, human errors and also politics in the selection of projects that make the priority list. High and low priority projects can be segregated with more ease by people who have some depth of project knowledge with respect to the benefits. The forced ranking model is good if the projects are simple ones. But in the following cases, it will be difficult.

• Multiple projects: In case there are more than fifteen or twenty projects or more from multiple departments, all the decision makers won’t be knowledgeable enough to make a decision within the limited time.
• Projects involving complexity: If there is complexity, dependence on other projects for some to be implemented and other risk factors, it will make the prioritization choices

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