decision matrix

Definition

Table used in evaluating possible alternatives to a course of action. The alternatives are listed in the first column and the relevant criteria (such as cost, ease, effectiveness) are listed as headings of subsequent columns. Each alternative is given a score on a scale (commonly 1 to 5, or 1 to 10) depending upon the alternative's perceived value under each criterion. These scores are added to determine which alternative is most advantageous or deserves more attention.


Nearby Terms

Search volume for decision matrix

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z