Challenges in Strategic Prioritization Frameworks

This document is a guide that outlines the challenges organizations face in implementing effective strategic prioritization. It describes various states of prioritization, including the common scenario where no prioritization exists and the pitfalls of ineffective prioritization processes. The text details how leaders often approve projects without considering opportunity costs, leading to effort dilution and performance issues across the portfolio. It presents real-world examples of organizations struggling with prioritization, highlighting the need for a structured decision-making framework. The guide emphasizes the importance of comparing diverse projects and aligning them with strategic goals while acknowledging inherent biases that can hinder prioritization efforts. It concludes by suggesting that organizations that invest in strategic prioritization can achieve significantly greater value and encourages assessing current prioritization approaches to improve outcomes.