Seth Godin opened the 2021 blog with a post that argues not to put all your eggs in one basket when it comes to picking projects. (You could argue that my own bespoke presentation design projects fit in the “rut” category, and the SlideMagic software is a “lottery”, but on balance the risk of the overall portfolio is small with an option to win the lottery, even if it is modest).
To illustrate his point, he used a 2x2 matrix.
The 2x2 works, but when looking for these type of charts consider a Venn diagram as well. In many cases, the low-low option is not really realistic (in this case picking projects with a low probability of succeeding, and with a low potential upside).
I added 2 charts to the SlideMagic database to show the 2 options, in a different colour scheme this time. Download them from the web or search for “seth” inside the desktop app to access them.