It is going to be helpful while calculating the weighted average score of each project or case. You can use “=SUM()” to sum up all the weight values. Otherwise, you may skip formulating the grouped cells.Įnter the values you would like to input as a rate for each criterion. While formulating it is better to keep the grouping signs open. Once you entered all borders your document should look like this : Make sure you put the borders not to get confused during the formulation. Once you enter these basic inputs you are ready to formulate the template. To group horizontally, apply the same procedure except, select columns instead of rows this time and hit the group button. To group vertically, select the rows and later hit the group command. You may want to group some of your extra criteria and cases to leave some space for yourself. Select Center Across selection and hit OK! You could select the cells where you would like to center, right-click and choose format cells to center the cell among the chosen cells. Keeping the freeze panes right under the cases by selecting the row will help you to see the criteria ratings much easier (if you have many criteria).Įxtra Information: You don’t need to Merge & Center the “Ratings” cell to point out the title. In this case, we decided to keep the criteria vertically and projects or cases horizontally for an easier evaluation. Make an effective design where you can easily conclude the outcomes. You need to plan the structure in your head. So let’s start with our first item in the list to construct your Decision Matrix in Excel You may also download our Free Decision Matrix Template to understand the structure of the template. Let’s list down all the procedures you are going to apply to prepare a Decision Matrix. So, let’s see how to prepare a decision matrix in Excel. That would lead to a conclusion which the recruiter thinks Candidate 4 is the best outcome according to the new weights he decided.Īnd you can also achieve the best outcome among your options by using an Excel sheet such as this. However, in the event of a change in weights such as an increase in weight of “Language” from 4 to 5 and a decrease in weight of “Years of Experience” from 4 to 1 the scores would readjust. That’s how the recruiter will be able to choose the best option among his choices. Determine which one is superior compared to othersĪccording to the weight of parameters and rates for each option, the recruiter thinks Candidate 3 is the best outcome.Give them numerical values (which is called the weighting factor) according to the level of importance.Calculate the weighted average of each option.This example demonstrates the decision of a recruiter who had interviews with four candidates with different properties. You may see an example of a Decision Matrix. Here’s quick tutorial on Decision Matrix in Excel: This artircle will explain how to make decision matrix in Excel. It helps you to quantify and rank the importance of your options, depending on the parameters you determine. And that is exactly what a decision does. We think about the parameters which could affect the decision and in the end, by looking at the overall situation, we make our decision. From simple to difficult we are facing decisions every day.
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