Weighting of Factors for Relative Importance

Application: Management

  • Format: Online Tool Tool Tip
  • Fee for Use: Tool Tip
  • Enrollment: Not Required Tool Tip
Weighting of Factors for Relative Importance

Summary

This tool determines percentage weights for a set of disparate factors based on their relative importance to each other. It provides a basis for collective measurement and reporting of a set of factors that otherwise have little in common.

Notes on Weighting of Factors for Relative Importance

  • This tool determines percentage weights for a set of disparate factors (A, B, C, etc.) based on their relative importance.
  • The results provide a basis for collective measurement of a set of factors that otherwise have little in common. For example, in monitoring of performance, it allows combining of normalized indicators (such as productivity, cost, quality, timeliness, safety, overtime, absenteeism) in a way that reflects their relative importance.
  • The maximum number of factors that can be considered is seven.

Tool Parameters

Values displayed with a may be changed ... click on a value to display an entry form ... or use the arrows right of a value to select from a list.

Tool Behaviour

This tool exhibits spreadsheet-like behaviour ... change a value and related values are re-calculated automatically.

SVG Plugin

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Download Adobe SVG here