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Decision Matrix

This Decision Matrix template helps businesses systematically evaluate options by weighing criteria and assigning scores. It is ideal for making informed choices in procurement, project selection, or strategic planning.

Updated 15d ago
decision makingevaluationstrategic planningproject managementprocurementmatrixanalysis

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Document Title

<h3>DECISION MATRIX</h3>

Date of Analysis

Date: {{date}}

Decision Scenario

Briefly describe the decision that needs to be made:

{{decision_scenario}}

Options Under Consideration

List all viable options being evaluated:

1. {{option_1}}

2. {{option_2}}

3. {{option_3}}

4. {{option_n}}

Evaluation Criteria and Weights

Identify critical criteria for evaluation and assign a weight (e.g., 1-5, where 5 is most important) to each criterion. The sum of weights should equal 100% if percentages are used, or be relative if using a scale.

<table>

<tr>

<th>Criterion</th>

<th>Description</th>

<th>Weight (1-5)</th>

</tr>

<tr>

<td>{{criterion_1_name}}</td>

<td>{{criterion_1_description}}</td>

<td>{{criterion_1_weight}}</td>

</tr>

<tr>

<td>{{criterion_2_name}}</td>

<td>{{criterion_2_description}}</td>

<td>{{criterion_2_weight}}</td>

</tr>

<tr>

<td>{{criterion_n_name}}</td>

<td>{{criterion_n_description}}</td>

<td>{{criterion_n_weight}}</td>

</tr>

</table>

Decision Matrix Table

Evaluate each option against each criterion, assigning a score (e.g., 1-5, where 5 is best) and calculating the weighted score (Score x Weight).

<table>

<thead>

<tr>

<th rowspan="2">Criterion</th>

<th rowspan="2">Weight</th>

<th colspan="{{number_of_options}}">Options</th>

</tr>

<tr>

<th>{{option_1_name}} (Score)</th>

<th>{{option_1_name}} (Weighted Score)</th>

<th>{{option_2_name}} (Score)</th>

<th>{{option_2_name}} (Weighted Score)</th>

<th>{{option_n_name}} (Score)</th>

<th>{{option_n_name}} (Weighted Score)</th>

</tr>

</thead>

<tbody>

<tr>

<td>{{criterion_1_name}}</td>

<td>{{criterion_1_weight}}</td>

<td>{{option_1_score_criterion_1}}</td>

<td>{{option_1_weighted_score_criterion_1}}</td>

<td>{{option_2_score_criterion_1}}</td>

<td>{{option_2_weighted_score_criterion_1}}</td>

<td>{{option_n_score_criterion_1}}</td>

<td>{{option_n_weighted_score_criterion_1}}</td>

</tr>

<tr>

<td>{{criterion_2_name}}</td>

<td>{{criterion_2_weight}}</td>

<td>{{option_1_score_criterion_2}}</td>

<td>{{option_1_weighted_score_criterion_2}}</td>

<td>{{option_2_score_criterion_2}}</td>

<td>{{option_2_weighted_score_criterion_2}}</td>

<td>{{option_n_score_criterion_2}}</td>

<td>{{option_n_weighted_score_criterion_2}}</td>

</tr>

<tr>

<td>{{criterion_n_name}}</td>

<td>{{criterion_n_weight}}</td>

<td>{{option_1_score_criterion_n}}</td>

<td>{{option_1_weighted_score_criterion_n}}</td>

<td>{{option_2_score_criterion_n}}</td>

<td>{{option_2_weighted_score_criterion_n}}</td>

<td>{{option_n_score_criterion_n}}</td>

<td>{{option_n_weighted_score_criterion_n}}</td>

</tr>

</tbody>

<tfoot>

<tr>

<td colspan="2"><strong>Total Weighted Score</strong></td>

<td></td>

<td><strong>{{option_1_total_weighted_score}}</strong></td>

<td></td>

<td><strong>{{option_2_total_weighted_score}}</strong></td>

<td></td>

<td><strong>{{option_n_total_weighted_score}}</strong></td>

</tr>

</tfoot>

</table>

Approvals

Acknowledged and Approved by:

_____________________________

Name: {{approver_name_1}}

Title: {{approver_title_1}}

Date: {{approval_date_1}}

_____________________________

Name: {{approver_name_2}}

Title: {{approver_title_2}}

Date: {{approval_date_2}}

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