Too often, the issue in prioritization is the different and varying work. Either is very helpful, as it gives comparison of varying work items. Or more effort could be put into the efforts and impacts and get more accurate relative comparisons right away. To help identify items that could get some focus. I described using as a quick prioritization framework. You can use in many ways to prioritize tasks. The effort/impact matrix is a framework and a tool to help you prioritize work. In other words, a great visual overview of task prioritization. Low-effort endeavors are more towards the left in this diagram. The items that are high impact and low effort. Then once some items separate themselves from the pack, more research can be done to understand more accurate effort and impact estimates. Once items are visually plotted, it is very easy to compare the work. Helping to make more objective decisions. This is to avoid the work of trying to figure out better effort and impact on all items. I like to do this as a quick and dirty estimation of effort and impact. If using impact and effort as you two axis, you visually plot work into the locations that represent their effort vs impact estimation. Which then allows an even easier relative comparison to other work. Allowing quick and easy plotting in a graph. It is a way to visually prioritize tasks. The Effort/Impact Matrix is essentially a grid plotting of the effort vs the impact for a given piece of work.
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