

Priority matrix diagrams are a category of quantitative analytical tools found within the seven management tools (or 7M tools) of the Six Sigma method.

For example, using a semi-quantitative, analytical approach, you can utilize priority matrix tools to screen project proposals and gain buy-in from project sponsors and executive leadership. Use these tools when it is necessary to evaluate several criteria and avoid the influence of context, the different views of multiple stakeholders, and the customer/user needs in project (or product) prioritization and planning phases. Priority matrix tools provide project stakeholders with a resource to resolve disagreements openly, narrow down all proposals to the best solutions, and increase the chances of a successful project by avoiding hidden agendas and promoting consensus. 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). In Six Sigma, project selection is critical to the overall quality improvement process.

RISK PRIORITY MATRIX PROFESSIONAL
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RISK PRIORITY MATRIX PLUS
Month(s) plus available Budget increase or Level Technical Performance Schedule Cost 1 Minimal or no consequence to technical performance Minimal or no impact Minimal or no impact 2 Minor reduction in technical performance or Supportability can be tolerated with little or no impact on the program Able to meet key dates.
