Prioritization matrices provide a mechanism for ranking the relative importance of ideas or issues that assists in deciding what to do after key actions or Critical-To-Quality (CTQ) characteristics have been identified but their relative importance is not known with certainty.
It is a visual diagram used to compare multiple (at least two) sets of data using some sets of criteria. The matrix consists of a set of criteria options and the alternatives under consideration.
Prioritization matrices are especially useful if problem-solving resources, such as people, time or money, are limited, or if the identified problem-solving actions or CTQs are strongly interrelated.
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The prioritization matrix should be used when
The following are some steps for implementing prioritization matrix for your processes:
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