decision matrix


What is a decision matrix? Well, as the name suggests, it has something to do with choosing options, making decisions. But how? How can a matrix, a table divided into rows and columns provide us with an accurate answer to our confusion? Let’s see. A decision matrix is not just a common matrix consisting of rows and columns. The rows and columns hold great significance. Whenever we encounter a problem that is troublesome enough to confuse use about making a decision, it comes with certain factors. These factors need to be broken down in order to solve them. The rows and columns of a decision matrix consist of values that help analyze the performance of the available information. These values then move on to provide a concrete decision influenced by a set criteria. Let’s find out how a decision matrix is made and how can we use it. How do…