Agreeing on the criteria -
Which criterion will be scored and measured for each proposal.
Setting the grading values -
Each criterion must receive a grade, which depicts how it aligns.
Assigning weights to each criterion -
Agree on which criterion has the largest impact on the company.
Create the matrix -
List the criterion in the left row, their weight in the next column, and the values in the following column.
Column wise -
Add the projects from the fourth column on wards.
Calculate the grade -
Multiply each criterion's weight by the grade value for each project.
Check out the below video to create a task priority matrix which is a approach of categorizing the tasks you have into Critical, High, Medium and Low.