When we need to communicate the status of something easily or urgently, especially when there is risk involved, then a simple colour-coded system based on traffic lights is often used … known as traffic-light or RAG rating.
The nine Ps of product success – looking at what is beyond the traditional Marketing Mix (the 4Ps of marketing), to how we bring a product to market and make it a success.
When Morpheus gave Neo the option of the red or blue pill, it was a decisive moment in him choosing to live in a shared dream state or wake up and find out what the world was really like. That matrix was bad; however in business analysis, a matrix can be really helpful.
When you have a bunch of people with a bunch of stuff to do, and you want to be able to determine and communicate exactly who has to do what, then the RACI matrix is the perfect tool.