Tag Archives: matrix

Stakeholder Analysis Template

Stakeholder analysis involves identifying and analyzing the stakeholders that are likely to affect or be affected by a particular company activity, then planning to communicate and engaging with them. It is widely used in project management to develop engagement and cooperation between project team and project stakeholders. Other applications include conflict resolution, organizational transformation and change management.

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Four Field Matrix

Four Field Matrix

A Four Field Matrix is an effective model for planning, organizing and making decisions. It is a two-dimensional chart that consists of four equal-sized quadrants. Each of the quadrants will describe a different aspect of information. Sometimes it is referred to as the Four Quadrant Matrix or the Four Celled Matrix.

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Prioritization Matrix Template

The main idea behind the Prioritization Matrix is to compare and select the best alternative from a set of options. A basic matrix consists of a set of criteria options and the alternatives under consideration. Start by placing the criteria in the left hand column and the alternatives in the top row. Fill the matrix by ranking the alternatives against each criteria from best to worst. Finally, look at the bottom of the table to make the best decision for your situation.

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Skills Matrix Template

The main idea behind the Skills Matrix is to evaluate the available skills of a team. It allows to understand the skills that the team is missing which are required for the job or project at hand. Start by listing the team members in the left hand column and the relevant skills that are required or desired in the top row. Then fill the matrix with the skill ratings of each team member. Finally, look at the bottom of the table to see what are the training needs to improve the skill levels.

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Matrix Diagram Template

A Matrix Diagram is a table that allows sets of data to be compared to understand the relationship between them. It displays the existence and strength of the relationship between pairs of items of the data sets. The relationship is indicated by a number or symbol in each cell where each two items intersect in the matrix. Matrix diagrams can be useful in a wide range of applications from matching requirements with specifications to assigning responsibilities based on competencies.

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RACI Matrix

RACI Matrix

There are many ways to help clarify roles and responsibilities within a project, business process, or change initiative. Some prefer to use a hierarchical structure while others prefer to use a matrix-style format such as the RACI matrix. A RACI Matrix is a tool that brings clarity to the roles people play within a team working towards achieving a common goal. It describes the participation of the various roles in completing the required activities and deliverables.   Read more »  




Risk Analysis

Risk Analysis

Risk Analysis is a process that helps identify and assess potential threats that could affect the success of a business or project. It allows to examine the risks and includes means to measure, mitigate and control them effectively. It is part of the larger process of risk management although risk management can also refer to the process of controlling and monitoring risks.   Read more »  




Matrix Diagram

Matrix Diagram

A Matrix Diagram is a table that allows sets of data to be compared in order to make better decisions. It displays the existence and strength of relationship between pairs of items of two or more sets. The relationship is then indicated by a number or symbol in each cell where the two items intersect in the matrix. A matrix diagram can be used as part of other decision making tools. Cause and Effect Matrix and Quality Function Deployment are examples of tools that use the matrix diagram.   Read more »  




Prioritization Matrix

Prioritization Matrix

Many real-life decision-making situations have several conflicting criteria that need to be considered at the same time. Traditionally, this is often dealt with by applying trial-and-error methods, or by relying on the experience of people. In such situations, decision makers are required to use prioritization in order to make effective decisions. Prioritization is an essential skill that needs to be mastered by professionals to make the best use of their own and their teams’ time and effort.

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Scatter Diagram

Scatter Plot

Many situations require the investigating whether a relationship exists between two or more variables. A line manager, for example, may want to check the relationship between the number of training hours and employee productivity, or if the number of defects is a function of the experience of the person causing it. A call center manager may be interested in studying the relationship between the number of people working on a shift and the average answer time.

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