Many tools help project managers deliver their projects. One is the impact effort matrix, which we’ll define shortly. This visual tool is handy when deciding how to allocate resources to maximize their effectiveness.
Read on to learn when to use an effort impact matrix and why it benefits project management. We’ll also provide a free download for an impact effort matrix template and show how to make one from scratch to better understand how it works and its value.
What Is an Impact Effort Matrix?
An impact and effort matrix is a tool used in project management to evaluate and prioritize tasks, projects or initiatives based on their potential impact and the effort required to implement them. As mentioned, this visual tool helps project managers understand where their resources can be focused for maximum effectiveness.
The effort impact matrix is typically made on a grid with axes that visually represent criteria, such as impact, effort, urgency and resource requirements, which allows for a quick assessment of where each project stands. It helps identify projects that are high-impact and low-effort, in other words, a quick win, as well as those that may be less critical or resource-intentive.
The key component of the axes is impact, which represents the potential benefits or positive outcomes of completing a task or project. High impact means significant benefits. The other axis is effort, which is the resources, time and energy required to complete a task. High effort means it will take considerable resources to achieve.
