Decision Matrices
Published on Nov 18, 2015
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PRESENTATION OUTLINE
DECISION MATRIX
- A chart used by decision makers
- Aids in identifying best option
- Identifies factors to base evaluation
- Weigh factors on importance to final decision
- Score each option on each criterion
Photo by Pixelsior
PURPOSE
- Their use facilitates decision making
- Helps to systemically identify
- Analyze
- Rate relationships among information
- Narrows options when there are multiple dimensions to a decision
Photo by Absolute Chaos
METHODS USED
- Method 1 - rating scale
- Method 2 - rank order each option
- Method 3 - identify criteria and assign a weight to each criteria
- Select an option as a baseline to compare all others to
- Use a scale of -1, 0, +1 and give -1 is worse than baseline, 0 if same, +1 if better
CRITERIA USED IN MATRICES
- Effectiveness
- Feasibility
- Capability, support provided
- Cost, ease of implementation
- Time required
Photo by J.Gabás Esteban
PROCEDURES
- Determine and record criteria and its' relative importance
- Assign a weight to each criterion
- List the options across the chart
- Score each criterion and multiply the scores by the weight assigned
- Compare the totals for each to identify the highest scoring option
Photo by The U.S. Army
