Business Process Improvement-Value Matrix

The Business Process Improvement-Value Matrix is a 2x2 matrix used to evaluate the value of a business process improvement. It helps to identify the most valuable improvements to make and prioritize them.

At a very high level, the Business Process Improvement-Value Matrix is used in the context of business, process improvement.

Business Process Improvement-Value Matrix quadrant descriptions, including examples
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What is the Business Process Improvement-Value Matrix?

A visual explanation is shown in the image above. The Business Process Improvement-Value Matrix can be described as a matrix with the following quadrants:

  1. Low Cost, Low Value: Improvements that are relatively low cost but also low value, e.g. streamlining a manual process that is rarely used.
  2. High Cost, Low Value: Improvements that are relatively high cost but low value, e.g. automating a manual process that is rarely used.
  3. Low Cost, High Value: Improvements that are relatively low cost but high value, e.g. streamlining a manual process that is frequently used.
  4. High Cost, High Value: Improvements that are relatively high cost but also high value, e.g. automating a manual process that is frequently used.

What is the purpose of the Business Process Improvement-Value Matrix?

The Business Process Improvement-Value Matrix is a 2x2 matrix used to evaluate the value of a business process improvement. It helps to identify the most valuable improvements to make and prioritize them. The matrix is divided into four quadrants, each representing a different type of improvement. The top left quadrant is labeled “Low Cost, Low Value”, and is used to identify improvements that are relatively low cost but also low value. The top right quadrant is labeled “High Cost, Low Value”, and is used to identify improvements that are relatively high cost but low value. The bottom left quadrant is labeled “Low Cost, High Value”, and is used to identify improvements that are relatively low cost but high value. The bottom right quadrant is labeled “High Cost, High Value”, and is used to identify improvements that are relatively high cost but also high value.

The goal of the matrix is to identify the most valuable improvements to make and prioritize them. By analyzing the cost and value of each improvement, it is possible to identify the most cost-effective improvements to make. For example, if a business process improvement is identified as being in the “Low Cost, High Value” quadrant, it is likely to be a good investment for the business.

The Business Process Improvement-Value Matrix is a useful tool for businesses to identify and prioritize the most valuable improvements to make. By analyzing the cost and value of each improvement, businesses can make informed decisions about which improvements to make and which to avoid.


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What templates are related to Business Process Improvement-Value Matrix?

The following templates can also be categorized as business, process improvement and are therefore related to Business Process Improvement-Value Matrix: Effort Impact Matrix, Gap Analysis Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, Quadrant Analysis, Risk Analysis Matrix, Risk Value Matrix. You can browse them using the menu above.

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