Establishing a systematic approach to prioritizing IT projects is an important process that many organizations forgo. Research shows that only 12% of organizations examine their projects to see if they strategically align with their business and 68% of organizations have no process in place to help them prioritize their projects. This lack of process for project prioritization and strategic alignment are key reasons for project failure.
IT project prioritization includes identifying how each project within each department is aligned with the overall corporate strategy. A structured and objective methodology can be useful in achieving consensus and balancing the needs of the organization, along with the need of clients and stakeholders.
One such methodology or approach for making tough decisions, in an objective way, is by using a prioritization matrix.
Learn more about building and utilizing a prioritization matrix: