Evaluating opportunities

Answer:
For example, a matrix that relates “Effort” and “Consequences”.

With “Effort” we measure the degree of effort needed to exploit an opportunity. With “Consequences” we measure the degree of return that can give an improvement in productivity, sales or quality performance.

We look for opportunities that with a low effort give a high return, for example.

The following material will provide you information about opportunities classification:

- ISO 9001 – How to address risks and opportunities in ISO 9001 - https://advisera.com/9001academy/blog/2016/06/21/how-to-address-risks-and-opportunities-in-iso-9001/
- free online training ISO 9001:2015 Foundations Course – https://advisera.com/training/iso-9001-foundations-course/
- book - Discover ISO 9001:2015 Through Practical Examples - https://advisera.com/books/discover-iso-9001-2015-through-practical-examples/