Initiative priotization: Drawing the line

- Prioritization is one of the most important aspects … of a good strategic planning process. … So once you've generated a list of initiatives, … it's important to understand what the priorities are … and the resources that those initiatives will consume. … So let's look at an example of a prioritization list. … I've got my list of seven initiatives … and they've been ranked from highest priority … to lowest priority. … And that priority is driven by … my strategic goals of the organization, … so the qualitative things, … as well as the financial goals and the hard metrics … that are going to help me understand … which initiatives deliver the highest financial return. … I then need to look at, for each initiative, … what resources will be required to complete it. … In this example, I've got the cost of delivering … on that initiative, in hundreds of thousands of dollars, … of what it will take it implement it. … I've also looked at some of the functional resources … that would be required for each project. …