Decision Matrix

Master decision-making with decision matrices: Unlock productivity & make informed choices confidently. Explore effective frameworks now!

FINANCELIFESTYLE

Jon Jong

5/23/20231 min read

decision matrix
decision matrix

What is a decision matrix?

A decision matrix is also known as a Pugh matrix. A decision matrix evaluates and prioritizes a list of options and is a tool to help make decisions. You must first establish a list of weighted criteria and then evaluate each option against those criteria.​

When should a decision matrix be used?

  • When the decision must be made based on several different criteria

  • When several options must be narrowed to one choice

  • When choosing one option from a long list of choices

  • When wanting to take a logical approach to make a decision using evidence shown through a weighted scale.​

*Only the yellow boxes need to be filled out. The rest of the numbers will auto-calculate.

Example:

In this example, we will use a decision matrix to determine whether to continue living in Mission Viejo, CA or move.

Criteria - Input items that have some importance in your decision.

Multiplier - On a scale of 1-10 (or 1-100) how much weight do these criteria carry in your decision. 1 equals low importance and 10 equals the highest importance.

Choices - Input one choice (a city in this example) in each column. Your first choice could be a baseline. Below each choice, provide a score for each criterion. Multiply each score by the weighted multiplier. Add up the sum and get a total score.​

Below you can download the decision matrix I created for free. There is an Apple Numbers version and a Microsoft Excel version.​

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