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A decision matrix is an evaluation tool that prioritizes a list of options. The decision matrix can be
used for project planning to ensure that good decisions are being made, because each option is
being weighted. A decision matrix is often used to narrow down a list of options. Planning your steps
for your project can be done by using a decision matrix when planning your next project.
Difficulty: Moderately Easy
Instructions
1. 1
Clearly define what the decision is that you need to make in the project. This should
be agreed upon by all team members and written down so you can refer to it often.
2. 2
Create a list of criteria in which you will be using to make your decision. Consider
criteria such as costs, benefits and anything else that you are using to make the
decision on the project.
3. 3
Discuss the list of criteria further with the purpose of clarifying and reducing the
number of criteria. Make sure that all criteria is really needed and the ones that are
needed are stated in a clear manner.
4. 4
Assign a weight to each of the criteria by dividing 10 points between the list of
criteria. The higher the number you assign to a criteria, the more important you feel
criteria is when making the decision.
5. 5
Draw a weighted decision matrix table by listing the criteria in the first column, the
weights in the second column and the alternatives in the third column.
6. 6
Weight each row in your decision matrix table by looking at the criteria, weight and
alternative by dividing up 10 points again.
7. 7
Calculate the decision matrix by multiplying the weights in the second column and
then adding the weights from the rows together. Choose the alternative that has the
highest score.
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A decision matrix is an evaluation tool that prioritizes a list of options. The decision matrix can be
used for project planning to ensure that good decisions are being made, because each option is
being weighted. A decision matrix is often used to narrow down a list of options. Planning your steps
for your project can be done by using a decision matrix when planning your next project.
Difficulty: Moderately Easy
Instructions
1. 1
Clearly define what the decision is that you need to make in the project. This should
be agreed upon by all team members and written down so you can refer to it often.
2. 2
Create a list of criteria in which you will be using to make your decision. Consider
criteria such as costs, benefits and anything else that you are using to make the
decision on the project.
3. 3
Discuss the list of criteria further with the purpose of clarifying and reducing the
number of criteria. Make sure that all criteria is really needed and the ones that are
needed are stated in a clear manner.
4. 4
Assign a weight to each of the criteria by dividing 10 points between the list of
criteria. The higher the number you assign to a criteria, the more important you feel
criteria is when making the decision.
5. 5
Draw a weighted decision matrix table by listing the criteria in the first column, the
weights in the second column and the alternatives in the third column.
6. 6
Weight each row in your decision matrix table by looking at the criteria, weight and
alternative by dividing up 10 points again.
7. 7
Calculate the decision matrix by multiplying the weights in the second column and
then adding the weights from the rows together. Choose the alternative that has the
highest score.
Ads by Google
Online Efficiency
Lifetime free project planning Be efficient now at
www.planzone.com
Subscribe
Post a Comment
Word Verification*
Comment
Bottom of Form
• print
• email
• favorite
• share
•
Related Ads
• Project Management
• Business Planning
• Decision Matrix
• Manpower Planning
• Agenda Planning
• Project Planning
More
eHow delivers daily. Start your day with advice and inspiring ideas. Sign up for newsletters
(play this video) How to Get the Flu Protection You Need
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Search
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Partner Sites
Answerbag
Garden Guides
Livestrong
Let eHow.com help you Use a Decision Matrix for Project Planning. Click this button to start tracking your progress, and
potentially discover other things you may want to do.
Read more: How to Use a Decision Matrix for Project Planning | eHow.com
http://www.ehow.com/how_2156411_use-decision-matrix-project-planning.html#ixzz0x7nLIczC
Definition of Matrix
A matrix is a collection of numbers arranged into a fixed number of rows and columns.
Usually the numbers are real numbers. In general, matrices can contain complex
numbers but we won't see those here. Here is an example of a matrix with three rows
and three columns:
The top row is row 1. The leftmost column is column 1. This matrix is a 3x3 matrix
because it has three rows and three columns. In describing matrices, the format is:
rows X columns
Each number that makes up a matrix is called an element of the matrix. The elements
in a matrix have specific locations.
The upper left corner of the matrix is row 1 column 1. In the above matrix the element at
row 1 col 1 is the value 1. The element at row 2 column 3 is the value 4.6.
QUESTION 2:
What is the value of the element at row 3 column 1?
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When the array is not written out in full, a matrix is usually denoted by a bold-face
capital letter, e.g. X, or by a typical element (or entry) from the array, shown in
curly brackets, e.g. {xjk}, where xjk is the element in the jth row and kth column of
the matrix. If r=c the matrix is square.
If a matrix X={xjk} is multiplied by the real number s, then the result is the matrix
sX, in which the element in the jth row and kth column is sxjk. In this context a real
number s is often referred to as a scalar.
Two matrices, A and B, can be multiplied together only if the number of columns of
one matrix is equal to the number of rows of the other matrix. If A is an m×n matrix
and B is an n×p matrix then the product AB is an m×p matrix. However, if p≠m
then the product BA does not exist. The rule for the construction of the product is as
follows. Let ejk denote the element in the jth row and kth column of the product AB,
with ajk and bjk denoting typical elements in A and B. Then ejk is given by
If A and B have the same values of r and c and if ajk=bjk for all j and k, then A=B.
A diagonal matrix is a square matrix with all elements equal to 0, except for those
on the leading diagonal (which runs from top-left to bottom-right). This diagonal is
also called the main diagonal. A matrix (not necessarily square) in which all the
entries are equal on every negatively sloping diagonal is a Toeplitz matrix. For
example:
.
The transpose of an m×n matrix M is the n×m matrix formed by interchanging the
elements of the rows and columns of M. It is denoted by M′. The jth row of M′ is the
transpose of the jth column of M and vice versa
If a square matrix S, with typical element sjk, is equal to its transpose, S′, then it is a
symmetric matrix satisfying sjk=skjfor all , j, k.A square matrix that is not
symmetric is an asymmetric matrix. If a square matrix S satisfies the equation SS=S
then it is idempotent. The product SS may be written as S2. If it exists, the inverse of
a square matrix, S, is denoted by S−1. It satisfies the relations that SS−1=S−1S=I.Only
square matrices can have an inverse (but see 'generalized inverse' below). If S−1
exists then it will be the same size as S. A matrix that has an inverse is said to be
non-singular (or regular, or invertible). A square matrix without an inverse is said to
be singular.
A square matrix is described as being an upper triangular matrix if all the elements
below the leading diagonal are zero, or as a lower triangular matrix if all the
elements above the leading diagonal are zero. The matrices U and L are examples:
.
If M is square and the product MM′ is an identity matrix, then M′=M−1 and M is said
to be an orthogonal matrix.
A matrix with just one row is called a row vector. A matrix with just one column is
called a column vector. Column vectors are usually denoted with a bold-face lower-
case letter, e.g. x; row vectors are written as their transpose, e.g. x′. A vector with a
single element (i.e. a 1×1 matrix) is a scalar.
Vectors multiply together in the same way as matrices (see above). Thus, if v is an
n×1 column vector, and v′ is its transpose, then the product vv′ is an n×n
symmetric matrix, and the product v′v is a scalar.
The set of n×1 vectors v1, v2,..., vm is linearly independent if the only values of the
scalars a1, a2,..., am for which
The rank of a matrix is the maximum number of linearly independent rows, which is
the same as the maximum number of linearly independent columns. Thus the rank
of a matrix is equal to that of its transpose. If a matrix has r rows and c columns,
with r≤c, then the rank is≤r; if r>c then the rank is≤c. If the rank is equal to the
smaller of r and c then the matrix is of full rank.
which is a linear combination of all the squared terms (such as x12) and cross-
products (such as x1x2).
The trace of a square matrix is the sum of the terms on the leading diagonal.
The determinant of a 2×2 square matrix, A, is written as |A| or det(A), and is given
by |A|=a11a22−a12a21.The determinant of a larger matrix is defined recursively in
terms of cofactors. The cofactor of the entry ajk is equal to the product of (−1)j+k and
the determinant Ajk of the matrix obtained by eliminating the jth row and kth
column of A. The recursive definition is
In fact