• Ideas placed in quadrant 1 are easy and cheap but produce minimal benefit. They are appropriate when they can be included in annual plans or address existing problems.
• Ideas placed in quadrant 2 are easy and cheap and produce significant benefit. They are easy to implement quickly.
• Ideas placed in quadrant 4 are difficult and expensive and produce minimal benefit. Ideas from this quadrant should generally be discarded.
• Ideas placed in quadrant 3 are difficult and expensive but will result in significant benefit. If these ideas are considered, appropriate time and resources should be made available for their exploration.
Impact/effort analysis is a powerful approach for prioritizing and choosing from multiple options.
While the matrix tool is described using impact and effort as evaluation categories, the same matrix – and approach – may be used to evaluate options against other categories, such as cost/benefit, impact/risk, value/effort, etc. The matrix indicates that the options are evaluated from a low, medium, and high perspective, yet the criteria may be replaced with elements based on specific and organizational needs. For example: Low, medium, and high may be replaced with appropriate dollar values, if the matrix would be used to do a cost/benefit analysis, rather than an impact/effort. As you can see, the matrix categories and criteria may be tailored to your organizational needs.
![Subscribe to my feed](http://www.feedburner.com/fb/images/pub/feed-icon32x32.png)
![Subscribe via Email](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUjk-CMMAEvl9GTM81cLoE5N18Mj8NP-kpzm0f0IijqGLQCeErPM57qpO5be3zie3PRRSYP-TyXTsseN5T-F-4w7PH8Qvm6-II2ubnUE-icSB_OW82YhvFP6cxdWwj1-piobTXwU4y3co/s1600/images.jpg)
![LinkedIn Group](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYM69fq8y4F20A8Pr6V6w5CeLow6hWoO8yefyHbawgsXkU_wkuWUPKfLMycA8MYTcB_q2uqMIXPMI0o1lbkKmWveRc3T4u0w5aus7sCXJDI5TIoGzQknU2zOA7IErv6Z93fOYnzJLzsNY/s1600/linkedin_icon.jpg)
![Facebook Page](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwFXkbQeZ2OSRL8MnAiDhfeTfa-hFz_GCVx8atSqDFA4q8JVkadmBkH8eJCbRCnjFEMNrRk0EnjPr9PAXVTx3aNvwByt7lADN-iY_s3cFe6vCH9diyeAE6gPwfQ9GUXBqfxu-ORI27ZrI/s1600/facebook_icon.jpg)
![@TimALeanJourney](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8nhDpjT5MWuR6AJV7eLEwhwMdkuB25UAzfoB1AgGHoJ0OFitl5ykbzzcOfj_tZ0_elTW23nxZJL7yc35A_zxsyZvN8wk0C_CNpVV4LB09B7tXQaD_AMVnVTpTJVtmd1zcUpU4iURbTOc/s1600/twitter_icon.jpg)
![YouTube Channel](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_yfRQX_-0EEMCrVvqpkQwqeBLlx5tG0-etfTd149toZMjreRNWCr77hTvRe57PJtuJuQmheMGZ-gV76TPq07gbpVYXyyeR0DHjgElZeUGG3kahl1Rhden4GvCjEQd_uwZcIR8k9xCBfA/s1600/youtube_icon.jpg)
![SlideShare](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvn65cj8H6pwwEVIh_jdXOW9yqB1zKoLa_vb3fzwzvbxNNvCgXHMy9xGz0Tk7ujU3Ylcmz3oMj4CWPhnIgV4lFRplDEV9JbNYEaNlhpFHjjLnPH4fv7r7KXBEYzGVRdVtSnyDIlzvquIw/s1600/slideshare_icon.jpg)
No comments:
Post a Comment