Action Priority Matrix
The Action Priority Matrix is a tool used in product management to help prioritize tasks and actions based on their impact and effort. It consists of a 2x2 matrix with four quadrants: High Impact Low Effort, High Impact High Effort, Low Impact Low Effort, and Low Impact High Effort. The matrix helps product managers identify and focus on the tasks that have the highest impact and require the least effort, ensuring that limited resources are allocated effectively. It's like organizing your to-do list by separating the important and easy tasks from the ones that can wait or require more effort.