Competency Assessment-Value Matrix

The Competency Assessment-Value Matrix is a tool used to assess the value of a competency, or a set of skills, within a business context. It is used to identify which competencies are most important and should be focused on, and which are less important and can be de-prioritized.

At a very high level, the Competency Assessment-Value Matrix is used in the context of business, assessment, value.

Competency Assessment-Value Matrix quadrant descriptions, including examples
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What is the Competency Assessment-Value Matrix?

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

  1. Important & Valuable: Competencies that are both important and valuable to the business, e.g. customer service.
  2. Important & Not Valuable: Competencies that are important but not valuable, e.g. data entry.
  3. Valuable & Not Important: Competencies that are valuable but not important, e.g. public speaking.
  4. Not Important & Not Valuable: Competencies that are neither critical nor valuable, e.g. playing the piano.

What is the purpose of the Competency Assessment-Value Matrix?

The Competency Assessment-Value Matrix is a tool used to assess the value of a competency, or a set of skills, within a business context. It is used to identify which competencies are most important and should be focused on, and which are less important and can be de-prioritized. It is a 2x2 matrix with four quadrants, each representing a different value level of the competency.

The top-left quadrant represents the competencies that are both important and valuable to the business. These are the competencies that should be focused on and developed. The top-right quadrant represents the competencies that are important but not valuable. These competencies should be monitored and managed, but not necessarily developed. The bottom-left quadrant represents the competencies that are valuable but not important. These competencies should be monitored and managed, but not necessarily developed. The bottom-right quadrant represents the competencies that are neither critical nor valuable. These competencies should be de-prioritized.

The Competency Assessment-Value Matrix is a useful tool for businesses to assess the value of their competencies and prioritize their development and management accordingly.


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What templates are related to Competency Assessment-Value Matrix?

The following templates can also be categorized as business, assessment, value and are therefore related to Competency Assessment-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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