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Decision Matrix

This Decision Matrix template helps businesses systematically evaluate and compare multiple options against a set of weighted criteria, facilitating objective decision-making for various operational and strategic choices.

Updated 3d ago
decision-makinganalysisoperationsstrategyevaluationproject management

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Decision Matrix

Decision Matrix

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}}

Website: {{website}}

Decision Matrix Title: {{decision_title}}

Date: {{date}}

Prepared By: {{preparer_name}}

Purpose: {{purpose_of_matrix}}

Objective

Clearly define the problem or decision to be made:

{{decision_objective_description}}

Criteria and Weighting

Identify all relevant criteria for evaluation and assign a weighting (1-5, 5 being most important) to each.

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

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

| {{criterion_1}} | {{criterion_1_description}} | {{weight_1}} |

| {{criterion_2}} | {{criterion_2_description}} | {{weight_2}} |

| {{criterion_3}} | {{criterion_3_description}} | {{weight_3}} |

| {{criterion_4}} | {{criterion_4_description}} | {{weight_4}} |

| {{criterion_5}} | {{criterion_5_description}} | {{weight_5}} |

| {{criterion_6}} | {{criterion_6_description}} | {{weight_6}} |

Add more rows as needed for additional criteria.

Options for Evaluation

List all potential options to be evaluated:

1. {{option_1_name}}: {{option_1_description}}

2. {{option_2_name}}: {{option_2_description}}

3. {{option_3_name}}: {{option_3_description}}

Add more points as needed for additional options.

Evaluation Matrix

Score each option against each criterion (1-5, 5 being best). The weighted score is calculated as (Score x Weight).

| Option / Criterion | {{criterion_1}} (Weight: {{weight_1}}) | {{criterion_2}} (Weight: {{weight_2}}) | {{criterion_3}} (Weight: {{weight_3}}) | {{criterion_4}} (Weight: {{weight_4}}) | {{criterion_5}} (Weight: {{weight_5}}) | Total Weighted Score |

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

| {{option_1_name}} | {{option_1_score_criterion_1}} | {{option_1_score_criterion_2}} | {{option_1_score_criterion_3}} | {{option_1_score_criterion_4}} | {{option_1_score_criterion_5}} | {{option_1_total_weighted_score}} |

| {{option_2_name}} | {{option_2_score_criterion_1}} | {{option_2_score_criterion_2}} | {{option_2_score_criterion_3}} | {{option_2_score_criterion_4}} | {{option_2_score_criterion_5}} | {{option_2_total_weighted_score}} |

| {{option_3_name}} | {{option_3_score_criterion_1}} | {{option_3_score_criterion_2}} | {{option_3_score_criterion_3}} | {{option_3_score_criterion_4}} | {{option_3_score_criterion_5}} | {{option_3_total_weighted_score}} |

Add more rows and columns as needed for additional options and criteria.

Analysis of Results

Summarise the findings from the Evaluation Matrix. Identify the highest-scoring option and discuss the reasons for its suitability.

{{analysis_summary}}

Action Plan

Outline the next steps required to implement the decision.

1. {{action_step_1}}: {{due_date_1}} | Assigned To: {{assigned_to_1}}

2. {{action_step_2}}: {{due_date_2}} | Assigned To: {{assigned_to_2}}

3. {{action_step_3}}: {{due_date_3}} | Assigned To: {{assigned_to_3}}

Add more points as needed for additional action steps.

Review and Approval

Reviewed By: {{reviewer_name}}

Date of Review: {{review_date}}

Approved By: {{approver_name}}

Date of Approval: {{approval_date}}

Signature Block

_________________________

{{manager_name}}

{{manager_title}}

Date: {{signature_date}}

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