Comment: Screw the rankings ! (Score 4, Informative) 183
Someone wants a good project manager ? Good luck with that man.
Either you have too few PMs and too many projects or more PMs than actual engineers. No one I mean absolutely no one at all seems to have a clue about finding a balance in terms of staffing project managers inside of a technology department.
Now with that bit of fussing out of the way. What you do is you look at the list sit with your immediate manager. You both logically discuss the insanity of a full sheet of top priority 1 emergency projects and figure out which ones really need to get done and when. Remember who signs off on your yearly review and focus your priorities from what your immediate and his manager above really need for you to get done.
You cannot let the bullshit of 50% of your projects being ranked as a high run you into the ground. Focus on what NEEDS to be done and then after that what your boss WANTS to get done and then on what the boss's boss would LIKE to have done.