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Governance & ComplianceCompany Policies

Decision Matrix

This Decision Matrix template helps businesses systematically evaluate options based on predefined criteria, facilitating objective decision-making for projects, procurements, and strategic planning.

Updated 15d ago
decision-makingevaluationproject managementstrategyprocurementbusiness tool

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Decision Matrix: {{project_name}}

**Date:** {{date}}

**Prepared By:** {{preparer_name}}

**Objective:** {{decision_objective}}

**Background:** {{background_information_summary}}

Decision Criteria & Weighting

The following criteria have been identified as essential for evaluating the available options. Each criterion has been assigned a weighting (1-5, with 5 being most critical) reflecting its importance to the overall objective.

| Criterion | Description | Weight (1-5) |

|---|---|---|

| {{criterion_1}} | {{description_criterion_1}} | {{weight_criterion_1}} |

| {{criterion_2}} | {{description_criterion_2}} | {{weight_criterion_2}} |

| {{criterion_3}} | {{description_criterion_3}} | {{weight_criterion_3}} |

| {{criterion_4}} | {{description_criterion_4}} | {{weight_criterion_4}} |

| {{criterion_5}} | {{description_criterion_5}} | {{weight_criterion_5}} |

| **Total Weight (Sum)** | | **{{total_weight}}** |

Options Under Consideration

The following options have been identified for evaluation:

| Option | Brief Description |

|---|---|

| {{option_1}} | {{description_option_1}} |

| {{option_2}} | {{description_option_2}} |

| {{option_3}} | {{description_option_3}} |

Evaluation Scoring

Each option will be scored against each criterion using a scale of 1-5 (1 = poor, 5 = excellent). The weighted score for each item is calculated by multiplying the score by the criterion's weight.

| Criterion | Weight | {{option_1}} Score | {{option_1}} Weighted Score | {{option_2}} Score | {{option_2}} Weighted Score | {{option_3}} Score | {{option_3}} Weighted Score |

|---|---|---|---|---|---|---|---|

| {{criterion_1}} | {{weight_criterion_1}} | {{option_1_score_criterion_1}} | {{option_1_weighted_score_criterion_1}} | {{option_2_score_criterion_1}} | {{option_2_weighted_score_criterion_1}} | {{option_3_score_criterion_1}} | {{option_3_weighted_score_criterion_1}} |

| {{criterion_2}} | {{weight_criterion_2}} | {{option_1_score_criterion_2}} | {{option_1_weighted_score_criterion_2}} | {{option_2_score_criterion_2}} | {{option_2_weighted_score_criterion_2}} | {{option_3_score_criterion_2}} | {{option_3_weighted_score_criterion_2}} |

| {{criterion_3}} | {{weight_criterion_3}} | {{option_1_score_criterion_3}} | {{option_1_weighted_score_criterion_3}} | {{option_2_score_criterion_3}} | {{option_2_weighted_score_criterion_3}} | {{option_3_score_criterion_3}} | {{option_3_weighted_score_criterion_3}} |

| {{criterion_4}} | {{weight_criterion_4}} | {{option_1_score_criterion_4}} | {{option_1_weighted_score_criterion_4}} | {{option_2_score_criterion_4}} | {{option_2_weighted_score_criterion_4}} | {{option_3_score_criterion_4}} | {{option_3_weighted_score_criterion_4}} |

| {{criterion_5}} | {{weight_criterion_5}} | {{option_1_score_criterion_5}} | {{option_1_weighted_score_criterion_5}} | {{option_2_score_criterion_5}} | {{option_2_weighted_score_criterion_5}} | {{option_3_score_criterion_5}} | {{option_3_weighted_score_criterion_5}} |

**Total Weighted Score** | | | **{{total_weighted_score_option_1}}** | | **{{total_weighted_score_option_2}}** | | **{{total_weighted_score_option_3}}** |

Analysis & Outcome

Based on the evaluation above, the option with the highest total weighted score is **{{recommended_option}}**.

**Justification for Recommendation:** {{justification_for_recommendation}}

**Potential Risks:** {{potential_risks_for_recommended_option}}

**Mitigation Strategies:** {{mitigation_strategies_for_risks}}

Next Steps

Following this decision, the following actions are recommended:

1. {{action_1}}

2. {{action_2}}

3. {{action_3}}

**Responsible Party:** {{responsible_party}}

**Due Date:** {{due_date}}

Approval

This decision matrix and its recommendation have been reviewed and approved by the undersigned.

_________________________

Name: {{approver_name}}

Title: {{approver_title}}

Date: {{approval_date}}

Signature Block

Sincerely,

_________________________

{{preparer_name}}

{{preparer_title}}

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