Meaning of the word prioritization in English

What does prioritization mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

prioritization

US /praɪˌɔːrɪtaɪˈzeɪʃən/
UK /praɪˌɒrɪtaɪˈzeɪʃən/

Noun

the action or process of deciding the relative importance or urgency of a thing or things

Example:
Effective prioritization is key to managing a busy workload.
The project manager emphasized the importance of clear prioritization for tasks.