2x2 matrix for prioritizing initiatives.

Risk options:

• Schedule risk—Can’t be realized in time.

• Cost risk—May cost more than allowed.

• Functionality risk—Not able to implement.

Make two separate assessments of each initiative:

• How much value will the initiative deliver?
  Scored: High Value / Low Value

• How risky is the implementation?
  Scored: High Risk / Low Risk

Results:

• High Value + Low Risk → Do First.

• High Value + High Risk → Do Second.

• Low Value + Low Risk → Do Last.

• Low Value + High Risk → Avoid.