[prahy-awr-i-tahyz, -or-]
verb (used with object), prioritized, prioritizing.
to arrange or do in order of priority: learning to prioritize our assignments.
to give a high priority to.
verb (used without object), prioritized, prioritizing.
to organize or deal with something according to its priority.
Also, especially British, prioritise.

1965–70; priorit(y) + -ize

prioritization, noun
reprioritization, noun
reprioritize, verb (used with object), reprioritized, reprioritizing.

See -ize. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
prioritize or prioritise (praɪˈɒrɪˌtaɪz)
1.  to arrange (items to be attended to) in order of their relative importance
2.  to give priority to or establish as a priority
prioritise or prioritise
prioriti'zation or prioritise
prioriti'sation or prioritise

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Provides guidance and advocacy regarding prioritization of infrastructure
  investments that impact privacy and security.
Or, maybe that it's our prioritization of multiple merits that is askew.
It's either prioritization or cowardice, and more often the latter.
What's missing in this sprawling draft is prioritization.
Related Words
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