Here’s our latest installment of tools you might want to use to make risk management tasks easier and more effective.
Continuing our focus this month on priorities, here we discuss additional prioritization tools.
According to The Pareto Principle, 20% of your activities will account for 80% of your success. Learn more about the Pareto Principle and how you can use it to grow your business.
As we noted in the theme post for this month, Stephen Covey often wrote about prioritization and emphasized “putting first things first.” He describes a prioritization method in his book The Seven Habits of Highly Effective People. In this method, tasks are categorized by four quadrants:
- QI – Important and Urgent
- QII – Important but Not Urgent
- QIII – Not Important but Urgent
- QIV – Not Important and Not Urgent
Covey explains that highly effective people focus on what’s important, rather than what’s urgent. In fact, they spend as much time as possible in Quandrant 2. Over time, this reduces effort in the other quadrants.
Another method Covey recommends is the ABC Method. Covey describes this method in his book The Seven Habits of Highly Effective People. He also provides this toolkit based on the ABC Method, Increasing Your Productivity through the Effective Use of Outlook.