Most organizations’ current prioritization processes are deficient and seriously so. And this deficiency is costing significant money on a weekly basis. Yet, it is not difficult to fix.
A Cranfield University survey found 56% of UK firms acknowledged that their prioritization process was inadequate or worse. This result has been confirmed in subsequent studies in other countries.
An effective prioritization process seeks to ensure the organization’s resources (funds, people, effort, time and commitment) are allocated to the ‘best’/highest priority projects.
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