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  • jl959 replied to the topic Determining project priority in the forum Introduction to Project Management 6 years, 2 months ago

    I believe it depends on the resources available and the size of the company. Larger companies like Stryker typically have the resources to hire more employees on lower priority projects. This will increase the expenditure, but wasting resources on lower priority projects that ultimately yield no results due to lack of proper funding contributes to a greater loss. Even if the project yields a successful outcome, overworking the employees will also delay the completion of the project to past the desired deadline. This will further delay the start of the following projects, cutting the amount of time available to work on them, leading to more failures. However, if the lower priority project has a high risk of failure to begin with and will not lead into progression of future projects, it should be dropped especially if the company cannot financially support hiring more employees.