Introduction

Priority Decision Matrix helps business leaders, project teams, process improvement practitioners to easily collate improvement ideas, rate them against  the strategic goals of the organization, teams or the project

The flexible design of the app helps users to define their own rating criteria, assign weightages as per their own unique requirements and are not tied down by a pre-defined, non-modifiable parameters. 

The Priority Decision Matrix app seamlessly integrates with our "A3" app which is used to manage the progress of implementation using PDCA/DMAIC methodologies.

Capturing an opportunity or a challenge

• Each Priority Decision Matrix is created with following data fields:

• • Completion Target Date
  • Process Name
  • Opportunity/Challenge Name
  • Potential Solutions

• You can use these fields to describe the problem at  hand

• You can also "add column" to describe the problem in more detail

Rating an opportunity or a challenge

Each problem can be rated using following criteria

• Business Impact to strategic goal
• Cost of implementing the solution
• Time taken to implement the solution

Business Impact Rating

To rate an opportunity based on Business Impact 

• set one or more scoring criteria
• Click “+” next to Scoring Criteria on column header to add Scoring Criteria
  
• Click “-” next to Scoring Criteria on column header to delete Scoring Criteria
• Set the weightage of that criteria in relation to the strategic goal. You can set from 1 to 10
• Along each opportunity/challenge you can then select ratings from the dropdown list. Click on "view impact rating guide" on top of the priority matrix for details
• Typically you would select higher number as the impact increases

Cost Weighting

To rate an opportunity based on Cost 

• Along each opportunity/challenge you can then select ratings from the dropdown list.  Click on "view impact rating guide" on top of the priority matrix for details
• Typically you would select higher number when the cost is lower

Time Weighting

To rate an opportunity based on Time

• Along each opportunity/challenge you can then select ratings  from the dropdown list.  Click on "view impact rating guide" on top of the priority matrix for details
• Typically you would select a higher number when it is faster to implement

Overall Weighting

Using the scores entered in Impact, Cost, and Time, the app calculates the overall weighting score. Higher scores indicate that the opportunity/challenge gives higher returns, faster and cheaper to implement

Creating A3

You can assign the opportunity to a team member and create an A3. You can create an A3 using a default set of questions, or you can create from a blank template. To know more about A3 click here