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Project Flexibility Matrix

The Project Flexibility Matrix is a tool that helps guide tradeoff discussions around scope, resources, and schedule for a project. It forces stakeholders to prioritize one of the three areas as "inflexible", another as "adaptable", and the third as "acceptable to concede". Later in the project, when changes are proposed, the matrix provides a reference point for managing changes in line with the initial priority tradeoffs agreed upon. The example shows stakeholders prioritizing schedule as inflexible, resources as acceptable to concede, and scope as adaptable in order to maintain a fast time to market.

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hariomsairam
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287 views

Project Flexibility Matrix

The Project Flexibility Matrix is a tool that helps guide tradeoff discussions around scope, resources, and schedule for a project. It forces stakeholders to prioritize one of the three areas as "inflexible", another as "adaptable", and the third as "acceptable to concede". Later in the project, when changes are proposed, the matrix provides a reference point for managing changes in line with the initial priority tradeoffs agreed upon. The example shows stakeholders prioritizing schedule as inflexible, resources as acceptable to concede, and scope as adaptable in order to maintain a fast time to market.

Uploaded by

hariomsairam
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Project Flexibility Matrix

Project Flexibility Matrix for Priorities and Tradeoffs


What: A simple but effective tool that helps guide tradeoff discussions on Scope, Resources
and Schedule.
Why: This simple matrix is amazingly powerful in driving a top-level clarification process at the
front end of a proect launch. !t forces tradeoff discussion across all levels of participation. !t is
a reference point downstream for managing change. !ts simple elegance allows it to be used
within any organizational context. A summary of its benefits include the following"
#elps to focus decision-ma$ing early in the proect
%stablishes agreement on priorities across all functional groups
&uides tradeoff discussions throughout the proect
How" 'se the matrix in early tradeoff discussions to frame the dialog and to drive the
discussion on setting priorities. The proect team discusses the tradeoffs by placing a
chec$mar$ or ()ost-it* in the appropriate cell of the matrix with only one choice per column. !n
practice the choices move around +uite a bit as different perspectives are presented and
championed. As the proect vision becomes firm, the matrix becomes stable and records the
tradeoffs in a simple to understand format.
,ater in the proect, when changes are proposed, the matrix will help re-orient these change
discussions with the basic tradeoff decisions that were made early in the proect.
!t is important to get this priority tradeoff established and agreed to by all sta$eholders early in
the proect. Trying to negotiate this tradeoff after the proect is launched is often difficult or
impossible. -nce people solidify their view of the tradeoff with scheduled tas$s and named
resources, the effort to change these tradeoffs becomes much more difficult.
Tradeoff
Factors
Inflexible
Most Critical
Adaptable
e!otiable
Acceptin!
Will Concede
"cope
#eso$rces
"ched$le
Project Flexibility Matrix
%xa&ple:
The sta$eholders are wrestling with tradeoffs early in a proect. Their Return -n !nvestment
estimates and forecasts tell them that a ./0 schedule slip may reduce profits by 1/0 across
the life of the product, whereas a 2/0 overrun on proect cost while holding to the schedule
may only impact profits by 30. They agree that a fast time to mar$et is essential to proect
success by an order of magnitude.
Their 4lexibility 5atrix will have the following characteristics"
Inflexible on schedule: a few months late has a huge downside
Will Concede on resources: spending more money and being on time has much less
downside
Adaptable on Scope: negotiate scope changes so that money is spent to maintain the
schedule.
,ater in the proect, the proect manager is faced with a scope change re+uest, due to a
competitive announcement. !n order to maintain the R-! forecasts and estimates, a significant
addition to proect scope must be made. She can either contract with additional resources at
considerable expense or push out the schedule several months. 'sing the 4lexibility 5atrix as
a guide, she opts for spending more money to maintain the schedule.
Fast Ti&e to Mar'et ( Tradeoff ) Flexibility Profile
Tradeoff
Factors
Inflexible
Most
Critical
Adaptable

e!otiable
Acceptin!

Will
Concede
"cope
*
#eso$rces
*
"ched$le
*

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