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Learn how to prioritize using the Impact Effort Matrix (aka PICK Matrix, Action Priority Matrix, or Impact Ease Matrix) - an essential decision-making and time management tool. If you or your team have competing priorities or too much work to do in too little time, this intuitive and flexible decision matrix is a great one to add to your toolkit - helping you become more efficient and effective and lift your productivity.
You'll find out how using just two simple dimensions (Impact and Effort) in a prioritization chart can help you identify the activities giving you the best return on investment for your time or money. These could be in the form of competing initiatives (e.g. team strategy), ideas, actions, and can even be used to enhance your personal task management.
Because of its flexibilty, it’s used all across the business world, from product management, to projects, team management, strategy, business improvement, investments, and the list goes on.
I've also rated this method, so you can compare it against complimentary prioritization tools, like the Eisenhower Matrix or 80/20 Pareto.
In this episode I cover:
- WHAT it is, and WHY it's important
- HOW to use it, as well as a few tips and traps
- The real world PROS AND CONS
- Rating it to help you decide IF and WHEN you might want to use it
- A special POWER TIP
Timecodes:
0:00 - Intro
0:32 - Outline
1:02 - What it is
1:53 - How to use it
5:47 - Pros & cons
7:56 - Rating the matrix
8:58 - Power tip!
10:01 - Outro
Check out the HOW TO PRIORITIZE playlist here: https://www.youtube.com/playlist?list=PL_ZN4IVv5qCx_LGztXY4DWdsWM_QXj0Co
My mission here at RISR is to help YOU go further, faster in your career - whether you're completely new to this, perhaps found yourself in a management position, maybe struggling to get ahead, or simply trying to be the best you can be.
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