How to Make Smarter Choices | Decision-Making Matrix [FREE]

No matter how big or small the decisions may seem, there is always a natural way to go about it, which is by building a Decision-Making Matrix.

Let’s pick a simple example to explain further-

Printer! One of the most famous machines in the office. At this point, the printer mechanic and HR are best buds. Nevertheless, it’s a beautiful invention that makes work so much easier and neater. It’s an amazing and clever machine that works to provide the best print! Now suppose for your business you need to buy a new printer, what all would you do?

Decision-Making Matrix

There are many names for Decision Matrix such as problem selection matrix, Selection Grid, Ulti Criteria Model, Multiple Criteria Table, Prioritization Matrix, and more. This technique is one of the best when it comes to making a decision among many good choices, along with various other factors to be considered.

This is a method which prioritizes among a list of options and is assessed by making a table. Rows contain the options and coulombs contains factors.

Let’s continue with the example. First, to go forward with any purchase, you will surely consider a few factors.

What Are the Options?

Weighing among so many options from the market can be overwhelming as so many companies offer similar products with few variations. You’ll need to decide which of the companies align with your printer goals and make a weighted decision.

This way you can keep weighing the pros and cons and make an ascending or descending list. This will help you to make informed decision for other factors also such as what type of printer, has Bluetooth or not etc.

Narrow down your options, and start laying down any criteria you want to keep in mind. Maybe ultra colour printing or maybe just something simple. This helps you to make logical decisions and not let your heart sway the decisions.

After making all the decisions, you will feel confident with your purchase! Enjoy the New Printer!

How to make a Decision-Making Matrix?

Just like the printer, a business needs to make many more serious decisions. The burden of such a task can be minimized when you use this technique. To make your process easier, use Decision-Making Matrix Templates for PowerPoint Presentation.

A PowerPoint presentation is a great way to share ideas, in this case, your Decision matrix, with clients and/or team members. These slides have thoroughly researched information and are 100% editable to add any personalization.

COVER SLIDE

Start your presentation right with a smart cover slide. This professionally designed PPT template bundle contains a collection of various matrixes that can be used in various circumstances.

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Project And Client’s Decision-Making Matrix

This PPT template displays a Project and Clients Decision Making Matrix. This slide includes various variables such as Objective, Revenue, Leverage and more.

Use this slide to show your team how the matrix is used and employed in work. The matrix format allows for a structured and simple way to compare options by giving them weighted marks. This allows to narrow down choices easily.

For example, whenever a new project is initiated, the cost and duration are among the variables which are all important to review. Using the matrix, you will be able to decide among the correct timeline and investments.

Additionally, on the right side of the slide some reference points are added to let everyone know the weights and ratings. This is also a good example for how the decision matrix would look once completed.

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Business Operations Decision-Making Matrix

Suppose you want to make some decisions using the business operations. This rating table is another way to come to those decisions.

Use this template and add various important criteria you want to measure against what options you have as alternatives. In this slide, prioritized points include Resource Allocation, what-if analysis, etc., which are measured against alternatives such as MS Excel, MS Excel with Macros, etc.

Furthermore, the scale mentioned on the right-hand side of the slide displays reference points.

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Recruitment Decision Making Matrix of Candidates Data

How to decide which candidate to choose when you are hiring amongst talented aspirant joiners. Use this template to make informed and bias-free decisions.

This slide illustrates matrix for making decision regarding new candidate recruitment. It includes functional expertise, industry experience, problem solving skills, interpersonal skills etc.

As shown in the template, Candidate C had the highest score and is a good consideration for the Job Opening.

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Product Ideas Weighted Decision-Making Matrix

How do you decide what new product to launch or if a revamp of something classic should be done? Use this template to decide and make a firm and confident decision on which product can perform the best and which project should receive the funding.

This PPT slide illustrates decision-making regarding different product ideas. It includes metrics like viability, desirability etc. The example shown in the template displays the total marks at the end. This will show you even though the options were ranked with less difference between them, still you get to choose the best option for your project.

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Effective Team Decision-Making Matrix

Best road to communication is a clear one. Use this template and make use of the decision-making matrix to decide for team and office space.

It includes various variables such as approvals office layout, work process, location of team retreat, music in office etc. It gives an excellent chance for all the members to chime in to the decision-making making, which makes the process stress-free and free of bias.

This shows a flow chart with various variables and criteria that need to be measured. The selected option is colored in which highlights the overall selection. This is one of the best ways to decide qualitatively what the majority wants.

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Retirement Considerations and Decision-Making Matrix

Use this PPT template and broaden the scope of your presentation and show how such decision-making can also be helpful to everyone. When thinking about retirement, it is important to form structured decisions, especially for personal financial planning.

This template lets the assessment be based on multiple important points that must be considered. It includes metrics like personal health, financial health, family, age, etc.

This is a visual result with easy-to-understand information. Planning for the future is done right with confident decisions!

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In a Nutshell

It is already tough enough to run a business, and needing to make various decisions throughout is important. To make that decision-making much easier and faster, try using Decision Making Matrix PowerPoint templates. These are professionally designed and thoroughly researched. This bundle will help to target various decisions that can benefit from the Decision Making Matrix. Be it a single person or a whole team; everyone gets a chance to voice their opinions and come to a mutual decision.

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