Question

What are the steps a team takes when using a decision matrix?

Answer 1

A team typically follows several steps when using a decision matrix: identify alternatives, define criteria, assign weights, rate options, multiply ratings, sum up weighted ratings, compare total scores.

Step-by-step explanation:

A team typically follows several steps when using a decision matrix:

1. Identify the alternatives or options that are being considered.
2. Define the criteria or factors that will be used to evaluate each option.
3. Assign a weight or importance to each criterion based on its relative importance in the decision-making process.
4. Rate each option on each criterion using a numerical scale. This is often done on a scale of 1 to 10.
5. Multiply the rating of each option on each criterion by the weight of that criterion.
6. Sum up the weighted ratings for each option to obtain a total score.
7. Compare the total scores of each option to determine the best choice.

For example, let's say a team is deciding between three office administration software programs. They would first identify the factors that are important in their decision, such as cost, features, and user-friendliness. They would assign weights to each factor based on their importance, and then rate each program on each factor. Finally, they would calculate the total score for each program and compare them to make a decision.