Getting The Biggest Bang For The Buck

So I had the opportunity to sit in on a colleague teaching a class in Performance Improvement. 


One tool that I really liked from the class was the Impact-Effort Matrix. 


To determine project worth doing, the matrix has the:


Impacts (Vertical) – Improved customer satisfaction, quality, delivery time, etc.


Effort (Horizontal) – Money, Time, etc. 


The best bang for the buck are the projects in upper left (“Quick Wins”) that have a high impact or return for not a lot of effort. 


In contract, the projects that are the least desirable are in the lower right (“Thankless Tasks”) that have a low impact or return but come at a high cost or lot of effort. 


This is simple to do and understand and yet really helps to prioritize projects and find the best choices among them. 😉


(Source Graphic: Andy Blumenthal)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s