To do this and give weight to these criteria, you can use a percentage system to identify the most important aspect. Your criteria would likely look something like this:įor each of these criteria, you need to identify the most important aspect of the product. Say you have a new software product in development. However, certain aspects, like cost management and ROI, will be consistent throughout. The criteria you include in the weighted design matrix will vary from product to product. We already know that no two criteria will have the same level of importance, so how do we quantify that importance to make informed prioritization decisions? ![]() How do you assign weights to criteria in a weighted decision matrix?įor a weighted decision matrix to be effective, you need to know how to assign weight to your criteria. This helps to calculate the relative importance of each criterion. Establish a clear (and consistent) rating scale for each one (for example, 1, 2, 3, 4, 5 leading from an insignificant to greater impact). Rate each of these criteria in the columns using a number (the weight) to assess their importance and impact on your decision. Don't forget any relevant choices, since these rows will form the foundation of your decision matrix.īrainstorm what criteria will affect those decisions (like customer value, cost, effort, and effectiveness, for example). Start by listing all the decision choices as rows. Start by creating a weighted decision matrix. You're trying to figure out which product feature your team should develop next, but there are plenty of criteria that need to be considered. To make it even simpler, let's use an example: Here's a step-by-step guide to set up both an unweighted and a weighted decision matrix. ![]() Step-by-step: How to make a decision matrix Moreover, the decision matrix allows a clear structure that you can reference in discussions, meetings, presentations, or when you need to justify your decisions. This enables rational and objective decisions every time. It's exceptionally powerful when you have to choose the best option and need to consider many criteria or when you need to allocate limited resources to multiple choices.īy extensively evaluating your choices and quantifying the process, you'll be able to completely remove emotion and guesswork from the decision process. When stakeholders participate in the decision-making process there is probably a lot of bias and emotion involved.Īrguably the best way to do important and complex decisions is using the decision matrix technique. Their varying importance has to be taken into account. It's never as simple as writing down a list of pros and cons. Making the right decisions, especially ones that have a direct impact on your bottom line, can be tough.
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