If you want to use a template that will enable you to compare different sets of data, then the Matrix Chart template is the one for you. The Matrix Diagram displays the existence and the strength of a connection between different sets of data. You can adapt it to every department of your company and easily update it to fit the latest data.
This matrix is designed to help you asses the severity of an event occurring on one axis and the probability of it occurring on the other axis. The horizontal axis represents the probability, while the vertical axis represents the likelihood of the risk occurring. The outcome can take place anywhere in the four quadrants and it can be estimated as ‘low’ or as ‘high’ depending on the two measures.
This matrix is formatted as a table and it is the best for developing a product quality function. You can use it to better capture the needs of your customers or to determine and deploy the product requirements. You can tailor it to fit any company’s needs, regardless of the industry it operates in.
The Basic Matrix Chart is used to show the relationship of components to a whole in the triangles that give the shape to the whole matrix. You can write text inside of the parts of the matrix in order to describe your data. You can also add additional text outside the matrix if you need to provide the audience with a more detailed description.
The Matrix Chart enables you to compare different sets of data
This diagram is used to show the existence and strength of the relationship between the data sets.
The probability and impact matrix chart assesses the severity and the probability of an event occurring
The final outcome can take place anywhere in the four quadrants.
You can use the table-like matrix to develop a better product quality function
You will be able to easily capture the needs of your customers.
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