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Value vs. Risk Matrix Prioritization Framework Template
Criteria
2x2 matrix for prioritizing initiatives.
Risk options:
Schedule riskโCanโt be realized in time.
Cost riskโMay cost more than allowed.
Functionality riskโNot able to implement.
Make two separate assessments of each initiative:
How much value will the initiative deliver?
Scored: High Value / Low ValueHow risky is the implementation?
Scored: High Risk / Low Risk
Results:
High Value + Low Risk โ Do First.
High Value + High Risk โ Do Second.
Low Value + Low Risk โ Do Last.
Low Value + High Risk โ Avoid.