Prioritize Business Projects by Impact

I need your help creating a structured framework to prioritize multiple business projects based on their potential impact versus required effort. This will help me allocate limited resources effectively and focus on high-value initiatives. BUSINESS CONTEXT: - Organization: [YOUR BUSINESS/DEPARTMENT] - Industry: [YOUR INDUSTRY] - Strategic objectives: [KEY STRATEGIC GOALS] - Resource constraints: [TEAM SIZE/BUDGET/TIME LIMITATIONS] - Decision timeline: [WHEN DECISIONS NEED TO BE MADE] - Current priorities: [EXISTING FOCUS AREAS IF ANY] PROJECT PORTFOLIO: - Project 1: [NAME/BRIEF DESCRIPTION] - Project 2: [NAME/BRIEF DESCRIPTION] - Project 3: [NAME/BRIEF DESCRIPTION] - [ADD MORE PROJECTS AS NEEDED] Please help me develop: 1. Evaluation Framework * Impact assessment criteria specific to our business context * Effort estimation parameters (resources, time, complexity) * Strategic alignment measurement methodology * Risk evaluation factors * Dependency mapping approach * Time-to-value considerations 2. Scoring System * Quantification methodology for impact dimensions * Effort estimation scale and approach * Weighting system for different criteria * Value-to-effort ratio calculation * Risk-adjusted assessment methodology * Scoring template with rating scales 3. Prioritization Matrix * Impact vs. Effort visualization framework * Project categorization approach (Quick Wins, Strategic Projects, etc.) * Priority tiers with clear definitions * Decision thresholds for each category * Confidence level indicators 4. Implementation Planning * Sequencing recommendations with rationale * Resource allocation strategy * Dependency-based scheduling * Phasing and batching approach * Implementation timeline template 5. Progress Monitoring * Tracking system for prioritized initiatives * Performance measurement approach * Re-evaluation triggers and timing * Course correction protocols * Stakeholder communication framework Please provide a practical, actionable framework with specific templates, criteria, and scoring mechanisms tailored to my business context. Include both strategic guidance and tactical implementation steps.