Grid analysis

Grid analysis (also known as Decision Matrix, Pugh Decision Matrix, Weighted Scorecard and others) is a framework for evaluating ideas and making decisions which uses a set of weighted criteria to rank the ideas. ... Each criteria, in turn, is weighted according to its importance to the decision-maker.

1. How do you create a grid analysis?
2. How do you make a decision grid?
3. How do you use decision matrix?
4. How do you score a decision matrix?

How do you create a grid analysis?

Grid Analysis

1. Step 1: Create a table with your Alternatives down the left-hand column and list your Major Categories or important Factors across the top in the column headings.
2. Step 2: Score each alternative for each one of your major factors. ...
3. Step 3: Weight the factors. ...
4. Step 4: Multiply the score by the weighting.

How do you make a decision grid?

There are seven steps to creating a decision matrix:

1. Identify your alternatives. ...
2. Identify important considerations. ...
3. Create your decision matrix. ...
4. Fill in your decision matrix. ...
5. Add weight. ...
6. Multiply the weighted score. ...
7. Calculate the total score.

How do you use decision matrix?

Decision Matrix Procedure

1. Brainstorm the evaluation criteria appropriate to the situation. ...
2. Discuss and refine the list of criteria. ...
3. Assign a relative weight to each criterion, based on how important that criterion is to the situation. ...
4. Draw an L-shaped matrix. ...
5. Evaluate each choice against the criteria.

How do you score a decision matrix?

Decision Matrix Analysis works by getting you to list your options as rows on a table, and the factors you need consider as columns. You then score each option/factor combination, weight this score by the relative importance of the factor, and add these scores up to give an overall score for each option.