What is a decision matrix?
“A decision matrix is a list of values in rows and columns that allows an ologist to systematically identify, analyse, and rate the performance of relationships between sets of values and information. Elements of a decision matrix show decisions based on certain decision criteria. The matrix is useful for looking at large masses of decision factors and assessing each factor’s relative significance. Decision matrix is used to describe a multi-criteria decision analysis (MCDA) problem.” – Wiki
A Project was started to determine the most suitable candidate for leading a new company project. The candidates were all interviewed, resumes were collected, and all relevant information was compiled into a report. For an easy comparison method, a decision matrix was selected as a suitable chart in order to compare all promising candidates and ultimately determine the most suitable one for the Project Manager position. The decision matrix was compiled based on all information available about the selected candidates. By the statistical figures shown overall in the matrix, Nathan was determined to be the most suitable candidate for leading this Project and becoming its Manager. With an overall score of 87.5%, he excelled beyond expectations, as will be notified of the position available to him as soon as possible. The second candidate who displayed similar results; 61% will be kept on record in case the first candidate is not successfully placed into the Manager position. In case both nominated candidates reject the project position, a new matrix can be made from basics, or the current project one used as a template.