Decision Matrix
Transcript: Make The perfect Desicion every time! O– Identify the Options Which apartment to rent 3. Which specific group of process improvement philosophy does decision matrix belong to? a. Lean b. Constraint c. Six Sigma d. CQI W-Weight Step Matrix Decision Matrix Decision Matrix Analysis is a useful technique to use for making a decision. It's particularly powerful where you have a number of good alternatives to choose from, and many different factors to take into account. A decision matrix helps take the subjectivity out of the decision that needs to be made by carefully weighing all of the factors and criteria that are used to make a final decision. Dr. 4: >35 years of practice >3 hospital affiliations >1 location: West Hills >9 insurance carriers >performs 12 procedures 4 stars cost: 55,000 STeps 2. When do you typically use decision matrix? a. When a list of options must be narrowed to one choice. b. When you have one choice with limited resources c. When you have data that needs to be sorted d. There is a technical issue that needs to be resolved. Decision Matrix used in Health Care. Dr. 3: >38 years of practice >1 hospital affiliation >2 office locations: Palos Verdes & West Hills >7 insurance carriers >performs 20 preocedures 4.5 stars cost: 65,000 S- Score DEcision How to use Decision Matrix? a.k.a Pugh Matrix This tool may be utilized using the COWS method . You decided that you want to get some plastic surgery done. You want to get some liposuction, cosmetic facial surgery, and breast Augmentation. You have narrowed down your options of surgeons to 4. When a list of options must be narrowed to one choice. When the decision must be made on the basis of several criteria. After the list of options has been reduced to a manageable number by list reduction. Typical situations are: Which job offer to accept Which software to purchase 02 Whether to lease or purchase a car Dr. 2: >20 years of practice >1 hospital affiliation >1 office location: Beverly hills >1 insurance carrier >performs 21 procedures 5 stars cost: 70,000 These tools are all Qualitative tools which means they are all analytic improvement tools used for generating ideas, setting priorities, maintaining direction, determining problem causes, and clarifying processes. Bubbles Tools recommened using along with Decision Matrix. 1 Step 04 4. What is another name for Decision Matrix? a. Pugh Matrix b. Cycle Matrix c. Problem Analysis d. Lean Matrix Analysis - Affinity Diagram - Brainstorming - Force Field Analysis - Multi-Voting -Nominal Group Technique -Survey Develop a hierarchy of criteria, also known as decisionmodel. List all of your options as the row labels on the table, and list the factors that you need to consider as the column headings. For example, if you were buying a new laptop, factors to consider might be cost, dimensions, and hard disk size. 5. What is not part of the four components to formulate a Decision Matrix? a. weight b. criteria c. options d. technology Assign a weight to each criterion based on its importance in the final decision. If some decision criteria are more important than others, review and agree on appropriate weights to assign (e.g., 1, 2, 3). 1. Decision Matrix is a Qualitative tool which means is a analytic improvement tools used for generating ideas, setting priorities, maintaining direction, determining problem causes, and clarifying processes. a. true b. false C – Criteria 4 Step Doctor 1: >11 years of practice >1 hospital affiliation >2 office locations: Beverly hills & Los angeles >43 insurance carriers >performs 63 procedures 5 stars cost: 80,000 03 Rate each option on a ratio scale by assigning it a score or rating against each criterion. Then, multiply the score for each decision criterion by its weighting factor. Then total the scores for each alternative being considered and analyze the results. Imagine that your boss has put you in charge of taking on a new outsourced IT supplier. You've already identified several different suppliers, and you now need to decide which one to use. 01 Decision Matrix is part of Six Sigma process improvement tools. Margarett Cabanero Jaemie Estacio 2 Decision Matrix Analysis works by getting you to list your options as rows on a table, and the factors you need consider as columns. Step 3 When to use Decision Matrix? Identify your options. Depending upon the team’s needs, these can be product/service features, process steps, projects, or potential solutions. List these across the top of the matrix.
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