Decision Making Six Factor Analysis

Agenda The Six Factors The Matrix Three Steps www.wilymanager.com

Six Factor Analysis When you have developed a list of several possible solutions or improvements, you can use a technique called Six Factor Analysis to help you decide on a course of action. Use this tool when you need to compare several possible solutions or improvements. www.wilymanager.com

The Six Factors Effectiveness – How much will the solution improve the situation? Feasibility – How “do-able” is the solution? Cost – How much expense will be incurred in implementing the solution? Time – How soon can the improvement be implemented? Capability – Does your group have the time, skills, knowledge, and authority to make the improvement? Enthusiasm – how enthusiastic are your team and other stakeholders about the improvement? www.wilymanager.com

Six Factors Analysis Matrix Plant management developed several improvements to unsafe condition at high traffic areas of the plant. Using the matrix shown below, they analyzed the potential solutions on the basis of the six factors. Effectiveness Feasibility Cost Time Capability Enthusiasm Install electric eye + - Install warning buzzer Insert glass panel www.wilymanager.com

Three Things Identify the possible solutions or improvements that you want to compare. Assign a plus or a minus rating to each solution or improvement for each factor. A plus indicates a strong positive factor for that solution or improvement. A minus indicates a weaker factor. Choose the solution or improvement with the most plus ratings. www.wilymanager.com