A Prioritization Matrix is a tool used to evaluate and prioritize tasks or projects based on specific criteria. It typically involves plotting items on a grid, where one axis represents the importance of the task and the other represents its urgency. This visual representation helps individuals and teams make informed decisions about where to focus their efforts. By categorizing tasks into quadrants, such as "urgent and important" or "not urgent and not important," the matrix aids in identifying which activities should be tackled first. This method is commonly used in project management and can enhance productivity by ensuring that resources are allocated effectively.