Decision matrix template - Mind Map
Use this mind map to identify and compare the benefits and drawbacks of multiple ideas, so you can choose the best option for yourself! Keywords: personal life, benefits and drawbacks, decision matrix
Decision matrix template
What is a decision matrix?
The decision matrix, also called the pugh matrix is a tool used by analysts to make important business decisions. Before completing this decision matrix template you will need to know detailed options and criteria.
Use this decision matrix template to brainstorm your ideas. You can evaluate and rank them.
Why you should use a decision matrix?
Maybe you have too many options to choose from, or you and your colleagues have different opinions. After completing this template, everything will be clear.
How to use the decision matrix template
Step 1
Write down some ideas for which you want to see the advantages and disadvantages.
Step 2
Think about some decision criteria like the examples below:
Internal Capability
Available resources
Alignment with the business objectives
Estimated profit
Estimated Cost
Competitive Advantage
Ease of Execution
Time of Completion
Customer Desire
Matching with existing brand and products
Financial
Partners opinion
Step 3
Type in Pro Arguments and Counterarguments based on this criteria.
Step 4
You can even score for each option, using a number icon from our icons gallery. Calculate the score for Pro arguments and Counterarguments for each idea. Score each option from 0 (poor) to 5 (very good).
You do not need to use a different score for each option. If all of them are good you can score them with 5. If none of them are good you can score all of them with 0.
Step 5
Establish your final decision based on your final scores. Mark the totals and plan a way forward.
If you are working with your colleagues to make a decision, tell them how to proceed. List the options and criteria, then ask them to assign a weight of 1 to 5 for each of them.
Why use a Mindomo mind map template?
Mind maps help you brainstorm, establish relationships between concepts, organize and generate ideas.
However, mind map templates offer an easier way to get started, as they are frameworks that contain information about a specific subject with guiding instructions. In essence, mind map templates ensure the structure that combines all the elements of a specific subject and serves as a starting point for your personal mind map. They are a resource for providing a practical solution to create a mind map on a particular topic, either for business or education.
Mindomo brings you smart mind map templates that allow you to function and think effortlessly.
A template has various functionalities:
Descriptive topics
Topics with background text
Default branch
Removing the template data
You can choose from a variety of mind map templates from Mindomo's business or educational accounts, or you can create your own mind map templates from scratch. Any mind map can be transformed into a mind map template map by adding further guiding notes to one of its topics.
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