As we mentioned Value and Efforts matrix can be changed to the Eisenhower Matrix or other 2x2 Matrices you would like to rate your tasks with. It’s possible as the quadrants, scale types and the axes on the Priority Matrix can be edited and renamed. It means that you can create and then use other 2x2 prioritization methods and rate tasks with it.
The settings are located under the list of prioritization techniques. As we want to rate tasks with another 2x2 Matrix, for example, Value and Cost, let’s start with the Axes. As we choose Value and Cost Matrix we need to change only the horizontal axis - Effort.
You click the Change button and put another name instead of Effort and then Save. Voila! The axis is changed on tasks and Priority Matrix. Please note that the name should be no more than 12 symbols.
At the same time you can change the scale type - the way you want to rate tasks.
There are three types:
Planning Poker(some kind of Fibonacci numbers - 1,2,3,5,8,13,40,100);
T-Shirt sizes (S/M/L/XL/XXL).
As soon as you change the scale type, the previous evaluation will be erased and there is no way to return it, so be careful. Don’t change it too often or you will start evaluation from a scratch.
You can stop with axes and the scale type changes. Meanwhile, you can edit the quadrants' name, so it will be easier for you to explain to your team which tasks should be chosen on, the Priority Matrix and from what quadrant.
You may notice that there are quite different quadrants on the Priority Matrix of the Value/Risk and our article. If you want to have quadrants “Avoid”, “Do First”, “Do Second” and “Do last”, just rename Quadrants. Easy to understand and there is no need to explain.
By editing the quadrants, axes and scale type you create a more appropriate way to define the most profitable tasks - a more suitable way to do it for your team and company. This functionality allows you to modify the existing matrices and to recreate your own vision of the prioritization of the tasks.
3 more prioritization methods are left. They differ from 2x2 Prioritization Matrix, as you get the final score at the end. It’s time for ICE and RICE.