A skills matrix, also known as a competency matrix, is a tool used to align required skills for a team or project. A skill matrix is important because, when properly configured, it can help you easily organize your teams by identifying any skill sets that you require based on the project requirements. If you use a good skill matrix, your project will be completed efficiently and by the most qualified and skilled team members. A competency model is also known as a "capability framework" or "skills rubric" by some. A skills matrix, also known as a skills inventory, is the result of a competency assessment, in which people evaluate themselves against a competency model.