![]() If you know which projects are the priority, you can allocate resources adequately. But resources are often scarce and need to be distributed with care. It’s a truth universally acknowledged that all projects are in need of resources. Some of the biggest benefits of project prioritization are: It also ensures an important project isn’t left buried under a bunch of low-impact projects. Project prioritization enables you to direct your project resources and your best efforts toward high-priority projects. ![]() Project prioritization helps you make the right choices, ensures you don’t discard valuable projects, and helps you stay organized with multiple projects at hand. To avoid this, you have to decide which projects to move forward with and which to put on hold. It’s a way for project stakeholders to decide which projects are worth the investment and which can be abandoned or left for a later point in time.Īccording to project management statistics, the number one challenge in managing projects is attempting to run too many of them at once. Project prioritization is a process of categorizing projects according to chosen criteria, such as:
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