Decision Matrix Template
Decision Matrix Excel Template helps you list down all complex decisions of your business and analyze them by giving coefficients and rates.
Have you ever struggled about what choice to give ? Especially when you have too many options in your head and too many people telling you something else to choose? Decision Matrix Excel Template will list down all of your options and criteria in your head and analyze them by giving coefficients and rates. In the end, you will be able to get the results on the dashboard.
Decision Matrix Template Features:
A decision matrix template is a tool where you list all of your options and criteria which you also give them numerical values and coefficients to be able to calculate the weighted average of each option to determine which one is superior compared to others.
After determining the coefficients of each criterion it gets multiplied by the rate you give for each option and in the end, it gives you a final score for each of your options. It is possible to add many options and criteria which could enlarge your study.
Once you determine the values and the weights of the criteria Excel will color the best option with green and worst option with red. While others, depending on the score they will be colored with shades of yellow to also visually help you with colors.
The graph below the Decision Matrix demonstrates the overall score for each option you got and it is dynamic. The more option you add or the less you extract it is going to resize the chart according to the data it includes.
So want to try and learn which option is the best according to your criteria? Go ahead and find out…
- Rating / Weight Section for the criteria
- Professional design for presentations
- Full Print Ready
- Informational notes included
- No installation needed. Ready to use.
- Works both on Mac and Windows
- Compatible with Excel 2007 and later versions
- Does not include any VBA macros