When identifying project priorities it is important to keep in mind some guidelines that can help balance these priorities within the project scope. Before funding a product design project, priorities must be studied, particularly in the case of medical devices. One approach to work with multiple priorities is to rank them (e.g. 1-low, 2-medium, 3-high), so that the priorities with higher rank are given given the most attention. The higher rank priorities are the ones that will influence the project the most and have the biggest impact on the outcome of the project. There are several factors that must be considered when studying priorities for a project including but not limited to risk, time, cost, resources, etc.