Adaptive Project Prioritization Matrix Tool
The priority matrix (or prioritization matrix) is an analysis and decision-making tool used in business process improvement systems such as project management, business analysis, and Six Sigma. download this template.
In Six Sigma, project selection is critical to the overall quality improvement process. Using a priority matrix tool for project prioritization and selection is a practical application of project planning and analysis techniques made accessible by authors Michael Brassard (The Memory Jogger 2) and David Allen (Getting Things Done).
Priority matrix tools provide project stakeholders with a resource to openly resolve disputes, narrow all proposals to the best solutions, and increase the chances of a successful project by avoiding hidden agendas and promoting consensus. Use these tools when it is necessary to evaluate various criteria during the project (or product) prioritization and planning stages and avoid the impact of context, different views of multiple stakeholders, and customer / user needs. For example, using a semi-quantitative, analytical approach, you can leverage priority matrix tools to review project proposals and engage project sponsors and executive leadership.
Priority matrix diagrams are a category of quantitative analytical tools found in the seven management tools (or 7M tools) of the Six Sigma method. Prioritization matrices are visual diagrams. Using weighted criteria formulas, distribute these matrices to view and compare two or more sets of data by applying L-shaped columns that compare inputs and measure items.
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