Prioritization (noun)

The process of determining the relative importance of different tasks or projects.

Origin:

From the verb to prioritize, meaning "to order or arrange things according to their relative importance".

Examples:

1. The manager was responsible for the prioritization of projects for the team.
2. Effective time management requires good prioritization of tasks.
3. The company's prioritization of profits over safety led to the accident.
4. The team had to make a difficult decision on prioritization of the limited resources.
5. The prioritization of this project is crucial for the success of the company.