A Project Prioritization Matrix is a vital tool used in the manufacturing industry for making informed decisions about which projects to pursue and which to put on hold. Typically employed by project managers, strategic planners, and top-level executives, the matrix helps in comparing and evaluating various projects based on a set of predetermined criteria such as ROI, resource availability, and alignment with strategic objectives. By providing a structured framework for project comparison, it aids in efficient resource allocation, helps avoid bottlenecks, and ultimately, adds significant value by guiding the organization towards projects that yield the highest returns and strategic benefits.
Praxie’s Manufacturing Ops application has greatly improved our daily management initiatives. With remote workers and several different locations, it’s easy to see how we are doing, identify issues, and track our improvements – no matter where we sit.
With Praxie we’ve created a way to report on complex projects that gives management full visibility. Executives have full visibility to all aspects of projects, assignments, etcetera at their fingertips.
Praxie’s software transformed our operations, enabling data-driven decisions and streamlining our manufacturing process.
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Michael Lynch is a creative and successful executive with extensive leadership experience in delivering innovative collaboration products and building global businesses. Prior to founding Praxie, Michael led the Internet of Things business at SAP. He joined SAP as part of the acquisition of Right Hemisphere Inc., where he held the position of CEO. During his tenure, he transformed a small tools provider for graphics professionals to the global leader in Visualization software for Global 1,000 manufacturers and led the company to a successful acquisition by SAP.