## What is a Scorecard?

## What is a Weighted Scorecard?

## How to create a Weighted Scorecard

## Advanced Weighted Scorecards

## How to use an AdvancedWeighted Scorecard

# Maximise Impact

By mastering the Essentials of Prioritzation today!

Aug 11

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A prioritization scorecard is a method of prioritizing where you assess different ideas against a set criteria.

For example, your criteria could be ‘user experience’, ‘increase revenue’ or ‘cost to implement’, etc.

For example, your criteria could be ‘user experience’, ‘increase revenue’ or ‘cost to implement’, etc.

User Experience |
Effort |
Risk | |

Idea #1 | 5 | 3 | 1 |

A Weighted Scorecard on the other hand is a form of scorecard that adds weights to its prioritization criteria.

Rather than each criteria contributing the same amount to the final prioritisation score, we add different weights to each criteria based on what is more or less important to us.

For example, we may value having a great user experience more than increasing revenue.

Rather than each criteria contributing the same amount to the final prioritisation score, we add different weights to each criteria based on what is more or less important to us.

For example, we may value having a great user experience more than increasing revenue.

Criteria |
Weight |

User Experience | 50% |

Increase Revenue | 30% |

Risk | 20% |

STEP 2:

For example, if you had 4 attributes and wanted them to be weighed equally, you would have 4x 25% weights. The higher percentage, the more that score will contribute to the final score.

STEP 3:

Taking Weighted Scorecards to the next level.

You can make your weighted scorecard more advance by creating groups of weights. A simple example of this is splitting your criteria into two groups of value vs effort:

You can make your weighted scorecard more advance by creating groups of weights. A simple example of this is splitting your criteria into two groups of value vs effort:

There are two key differences with an advanced weighted scorecard over the standard one.

1) The first is with weights. Rather than all your weights adding up to 100%, each category (value/effort) should add up to 100% each.

1) The first is with weights. Rather than all your weights adding up to 100%, each category (value/effort) should add up to 100% each.

2) The last difference is the equation. Rather than adding each of the individual scores up, when we split the scorecard but groups like value and effort,we then want to perform a Value/Effort equation.

(ValueCriteria_1 + ValueCriteria_2 + ValueCriteria_3) = Final Value Score

(ValueCriteria_1 + ValueCriteria_2 + ValueCriteria_3) = Final Cost Score

Final Cost Score ÷ Final Cost Score = Final Score

*Sheet 2 in the Weighted Scorecard Template has an template for an Advanced Scorecard.

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