Tag Archives: matrix

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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Cause and Effect Matrix Template

The Cause and Effect Matrix is used to understand the relationship between causes and effects. Whenever an output variable drifts out of specification, that is an effect. When an effect goes out of specification, you need to rank the potential causes in terms of importance, and the causes with the highest overall score should be addressed first in improvement efforts.

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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

Prioritization is an essential skill that needs to be mastered to make the best use of your own and your teams time and effort. A Prioritization Matrix is a simple tool that provides a way to prioritize a diverse set of items into an order of importance. It allows the team to select the most appropriate option from several alternatives based on a predefined criteria. Read more »»

Scatter Plots

Scatter Plot

Many situations require the investigating whether a relationship exists between two or more variables. A Scatter Plot is a diagram showing whether two variables are correlated or related to each other. It shows patterns in the relationship that cannot be seen by just looking at the data. It is often used as a first step in analyzing and communicating the correlation between pairs of variables before conducting advanced statistical analyses. It works with both continuous and count data.

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SWOT Analysis

SWOT Analysis

A SWOT analysis is a simple and structured planning tool for reviewing and assessing the position and health of an organization. It is a scan of the internal and external factors to evaluate the strengths, weaknesses, opportunities and threats for any given situation. It provides the knowledge needed to understand the current situation in order to make more effective decisions and develop more successful strategies. It can be helpful for an entire organization, an individual department, a business unit, a project and even in personal development and career progression. Read more »»