Project Prioritization
Project Prioritization
Overview
1
Project Priority Setting
is the process of
identifying research
projects/activities
that are most
important for
the organization
2
Key Reasons for Priority Setting
4
Other Important Considerations
Competition
- for funding
- for research-service areas
Globalization
- more rapid response to change
- frequent shifts in market opportunities
5
Other Important Considerations (2)
10
Process and Methods
11
Process Steps
Prepare initial project portfolio (project list)
Define priority setting criteria
Assign weights to criteria
Test scoring procedure
Score projects to determine rank (w/ stakeholders)
Examine results and, in exceptional cases, adjust
rank if necessary
Determine cut-off points for high, medium and low
priority projects
Use ranking to allocate resources (management
and scientist follow through on priorities)
12
Development of Project Portfolio
List of ongoing and proposed new projects.
Ideally, each project on the list should specify:
- objectives
- outputs
- duration
- budget
1. Adoption rate
Relevance to clients 2. Basic knowledge
Contribution to policy
15%
& development goals
Research feasibility 20%
Total: 100%
15
Weighting of Criteria (2)
Individual Criteria Weights
Criteria Categories
(examples )
1. Production/income increases 0.15%
Contribution to
2. Reduction in cost of production 0.10%
productivity 35%
3. Value addition 0.10%
Relevance to clients
30%
Contribution to policy &
development goals 15%
Total: 100%
16
Scoring of projects
Workshop participants are usually divided into
groups of 8-10
18
Priority Setting Procedure (2)
19
Conditions for Success
20