🤩 Template of the Month: Decision Matrix

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Miša Hennin
Miša Hennin Admin, MeisterLobster, EN Business, DE Advocate Posts: 1,344 Community Admin
edited August 2023 in Tips and Templates

Hey!

Sometimes even people at the top struggle to make decisions, especially when there are a lot of criteria to factor in. But not to worry, our Decision Matrix template can help you make the right decision, fast.

All you have to do is:

  1. Define the categories relevant to your decision (for example, cost, quality, etc.).
  2. Add the options that you are making a decision on to each of the categories.
  3. Give every option a score on a 1-5 scale.
  4. Now add weight to each criterium based on importance for the decision (1-5). So if cost is the most important factor add a weight of 5.
  5. Multiply the weight of each category with the rating you gave every option in that category.
  6. Add up all the points - A winner should emerge.

Have you ever used a decision matrix? Let me know below.

(Browse a wide range of different templates for different sectors on our website!)