This Slideshare presentation is a partial preview of the full business document. To view and download the full document, please go here: https://flevy.com/browse/business-document/business-case-opportunity-prioritization-guide-3767 DOCUMENT DESCRIPTION This template provides guidance to prioritize a number of projects in a structured and logical way. The template is to be used as guidance when prioritizing initiatives/projects: The main objective of this template is to explain how to create a consistent opportunity prioritization matrix, to help prioritize the improvement options towards the end of the diagnose phase of a project. This template can also be used to support client discussions, providing a range of content that can be selected and tailored based on the situation.

1. BUSINESS CASE
OPPORTUNITY
PRIORITIZATION
MATRIX

2. THE GENERAL APPROACH OF
PRIORITIZING OPPORTUNITIES
4
Identify
Opportunities
and Align to
Projects
Select
Prioritization
Format
Estimate
Benefits of
Projects
Perform
Prioritization
› Determine the level of detail needed to prioritize identified projects
depending on the type of engagement and requirements (e.g.,
number and size of projects).
› Describe costs and relative benefits affecting prioritization between
projects as part of a cost-benefit analysis and approach to support
business case development. Also include rationale, impact, costs and
actions.
› Describe different prioritization tools and the important aspects of
these as well as a number of examples.
› Identify opportunities and then combine them together to form
projects.
Section1Section2Section3Section4
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3. ALIGN OPPORTUNITIES TO PROJECTS
A L I G N I M P R O V E M E N T O P P O R T U N I T I E S T O P R O J E C T S
7
Dimension 20xx 20xx 20xx 20xx 20xx
Operational
strategy
Process and
policy
People and
organization
Technology
and data
Performance
management
Issue 4
Issue 2
Issue 5
Issue 1
Issue 3
Issue 6
Issue 10
Issue 9
Issue 7
Issue 8
Issue 11
Issue 12
Issue 13
Issue 14
Issue 15
Issue 16
Issue 17
Issue 18
Issue 19
Issue 20
Issue 21
Time
Initiative/Project 2Initiative/Project 1 Initiative/Project 3
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4. ESTIMATE BENEFITS OF PROJECTS
Section 2
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5. PRIORITIZATION MATRIX – COMPLEXITY
CHART 1
O V E R V I E W O F A LT E R N AT I V E 1
13
Complexity chart introduction – alternative 1
› This complexity chart is used to prioritize client projects after a current state analysis has been performed. Projects are
derived by first identifying client improvements in the main processes.
› There are four main areas of the complexity chart: Proceed now, Long term, Implement and Hold. By evaluating
client projects on complexity and benefit, the chart allows the project team to classify the projects into one of the four
main categories. For example, an initiative that is of low complexity and high benefit is considered an Implement.
› Initiatives that fall into the Implement category are considered to be
easy to implement and a low level of opportunity improvement. Project
teams look to implement these initiatives first as they are usually a
process change in an existing business practice.
› Initiatives that fall into the Proceed now category are considered to be
high level of opportunity improvement and easy to implement. These
initiatives return a greater change than a Quick Fix and require a similar
amount of effort.
› Initiatives that fall into the Long term category are considered not to be
easy to implement and high level of opportunity improvement. These
initiatives require more time, effort and investment to solve. They may
involve implementing new technology or introducing a new
organization-wide process.
› Initiatives that lay in the Hold category are considered to be easy to
implement but are a low level of opportunity improvement. Initiatives in
this category are as they are not worth the investment required.
Hold Implement
Long term Proceed now
High
Ease of
implementation
Opportunityfor
improvement(benefit) Low High
Low
Complexity chart
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6. 1
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