The Project Priority Matrix is a systematic approach to focusing on the most important to the project's stakeholders. It is a basic tool that allows you to arrange a diverse set of items in descending order of importance. Determining which potential and existing projects prioritize the most urgent and important projects. This process entails evaluating the most important criteria for your company and applying them to all of your projects. A Project Prioritization Matrix is an effective time and project management tool that can assist you in focusing on what is most crucial and keeping critical projects on track. In structure and practice, this matrix is very similar to the Eisenhower matrix, which is very useful for managing personal tasks and prioritizing time wisely.