Kepner - Tragoe Matrix - Explained
What is the Kepner Tregoe Matrix?
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is the Kepner Tregoe Matrix?
The Kepner-Tregoe Matrix is an approach to conducting a Root Cause Analysis and decision-making method.
What are the Steps in the Kepner-Tregoe Matrix?
- Prepare a decision statement having both an action and a result component.
- Establish strategic requirements (Musts), operational objectives (Wants), and restraints (Limits)
- Rank objectives and assign relative weights.
- Generate alternatives.
- Assign a relative score for each alternative on an objective-by-objective basis.
- Calculate a weighted score for each alternative and identify the top two or three.
- List adverse consequences for each top alternative and evaluate probability (high, medium, low) and severity (high, medium, low).
- Make a final, single choice between top alternatives.