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Impact vs Effort Matrix
The Impact vs Effort matrix is a simple yet powerful tool that can be used to prioritize tasks or projects based on their potential impact and the effort required to complete them. The matrix is particularly useful for teams that need to manage their workload effectively and make the best use of their limited resources.
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It is also known as an Eisenhower matrix, named after former US President Dwight D. Eisenhower, who famously said, “I have two kinds of problems: the urgent and the important. The urgent are not important, and the important are never urgent.”
The matrix consists of a two-dimensional grid that is divided into four quadrants. The vertical axis represents the level of impact that a task or project could have on an organization, while the horizontal axis represents the level of effort required to complete it.
The impact axis can be measured in various ways, such as the potential revenue, cost savings, or customer satisfaction that a task or project could deliver. The effort axis can be measured in terms of time, resources, and manpower required to complete the task or project.
Once the tasks or projects are identified and their level of impact and effort are determined…