When a Decision Matrix is Used?Īs mentioned earlier, the decision matrix is a tool for effective decision making. This article presents an in-depth discussion on the decision matrix which can help you in your college essay, particularly in your business plan. The decision matrix can be quite useful for business management student, especially when putting forward a business decision in a justified manner. The decision matrix takes the shape of an L-shaped grid, where a list of weighted criteria is first established and the respective options against those criteria are evaluated. A decision matrix, also known as the Pugh matrix or problem matrix, is a decision-making tool, which allows teams in an organization to take the most informed decision by quantifying different variables that influences decision making process.
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