Setting priority on pending actions is more of an art than a science. It is a continuous struggle to divide the resources available across the actions pending, and every company has to deal with this. We are continuously changing priorities on certain actions based on the changes in the landscape.
There are a couple of techniques you can use to prioritize the different tasks, which we will discuss in this post. However, it is very important that when you have made the decision to put the resources behind certain actions, that you keep them there. Otherwise, you might end up with a lot of unfinished tasks, and this could be disastrous.
Low Hanging Fruit (High Impact/ Short Period)
These are the actions that require relatively limited time but give you some good results. They are the no-brainers in your actions list and easy to finish. Make sure you put these high on the priority list because they give you immediate results. These actions are very important to improve the quality and safety awareness in the company because employees will also notice the changes.
Strategic Actions (High Impact/ Long Period)
These are the actions that require a lot of resources but deliver the company great results. Due to the lengthy process, employees don’t see the results quickly. It can even be the case that improvements occur gradually and employees don’t even notice them at all. However, they are crucial for the long-term strategy of the company. Think about awareness progress for safety.
(Low Impact / Short Period)
When there are still resources available, you could make a decision to work on these actions. Due to their short time period, it is relatively easy to finish them but their impact is pretty low as well.
Then we are left with the Low Impact / Long period type of actions. These are mostly not worthy enough to put any resources in. However, there could be changes in the environment that change the urgency of these actions. That is why it is important to keep them in mind.
Using this technique, you should be able to prioritize the tasks that need completing in order of the time they will take and the impact they will have. Then you can spread the resources among them to ensure the company is progressing and improving in the best way possible.