Decision Matrix Template

This decision matrix template has 1 pages and is a MS Word file type listed under our business plan kit documents.

Sample of our decision matrix template:

Decision MATRIX Creating a decision matrix is a powerful way to systematically compare a set of options against specific criteria to make an informed decision. This tool is especially useful in business, project management, or personal decision-making scenarios where you need to evaluate multiple alternatives based on various factors. Here's how you can create a decision matrix: Identify Your Options: Replace "Option 1", "Option 2", etc., with the actual options you are considering. Determine Criteria: List all the criteria or factors that are important for making the decision. Replace "Criterion 1", "Criterion 2", etc., with the names of these criteria. Assign Weights: Next to each criterion, put a weight in parentheses to indicate its importance. Use a consistent scale (e.g., 1-10) where a higher number indicates greater importance. Rate Each Option: For each option, rate how well it meets each criterion on a consistent scale (e.g., 1-5 or 1-10). Enter these ratings in the corresponding cells. Calculate Weighted Scores: Multiply each rating by its criterion's weight