Decision matrix template

While others, depending on the score they will be colored with shades of yellow to also visually help you with colors. The graph below the Decision Matrix demonstrates the overall score for each option you got and it is dynamic.

The more option you add or the less you extract it is going to resize the chart according to the data it includes. So want to try and learn which option is the best according to your criteria? Go ahead and find out…. This Decision Matrix Excel Template is ready-to-use and provided as-is. If you need customization on your reports or need more complex templates, please refer to our custom services.

Watch the video below to see the template in action! Farhan — October 14, Hassan — June 4, B — September 23, Can you please let us know how to insert a sheet into the workbook as well as see the number rows and columns? Someka — September 24, First, you need to unlock both worksheets and workbook as a first step. How do I unlock the sheets? It presents you with the best option after analyzing a set of choices against certain criteria that must be taken into consideration.

Several of these templates are variations of the two major techniques discussed above, designed to yield results for specific purposes. Using a decision matrix is advantageous for several reasons. Do you always struggle when making a decision, especially when there are others whose opinions are influencing your ability to choose? With the help of this template, you list down the choices and indicate the criteria needed to come up with the best selection.

The template automatically provides rates and coefficients, along with the results of its calculations on a dashboard. This template is the perfect tool for arriving at the right decision every time, no matter how many choices are available or who is trying to influence your choice. It eliminates the subjective nature of our emotions and gets right down to numerical results to help you make the best choices every time.

The results provided by this template can aid in your decision-making. Furthermore, if someone questions the validity of your choice, these results provide incontestable proof of the soundness of your decision.

Eisenhower is credited with having developed a decision-making matrix to help prioritize his tasks while he served in the military. This matrix is also known as the Urgent—Important Matrix. However, it is most effective when you or your team is comparing multiple options or criteria that need to be narrowed down to one final choice. The beauty of the decision matrix is how simple it is to create. You can create a decision matrix by hand on a piece of paper, a whiteboard, or on a spreadsheet.

There are also online template solutions available. With rich features like data linking and conditional formatting, you can customize your templates to help you identify the best solution faster. The decision matrix is organized into a table of rows and columns. The rows list out the potential options and the columns outline the various factors or decision making criteria to consider. A decision matrix can help you choose where to go. The first step is to create your matrix. As noted earlier, the table will be organized into rows of options and columns of criteria.

Fill out the rows with the various options you are considering. For this example, your options might be:. With your table and options outlined, you can now brainstorm what factors or criteria you will use.

Common criteria for business decisions include:. If applicable, involve customers or other stakeholders to help you narrow the list of evaluative criteria to only the most important. As you deliberate, identify which attributes the final decision must have. Now you will evaluate your decision making criteria against the options. In other words, you will score how well each criterion is met under each option.

Pair this with your intuition or gut feeling to decide on anything with confidence. For more help on this front, check out our other related posts:. How to Make Difficult Decisions. Melanie Pinola is a NY-based writer. Besides trying out new productivity systems, she enjoys cooking, playing video games with her family, and traveling. Follow her at melaniepinola. Why Zapier?

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