Tag Archives: alternative

Prioritization Matrix Template

The main idea behind the Prioritization Matrix is to compare and select the best alternative from a set of options. A basic matrix consists of a set of criteria options and the alternatives under consideration. Start by placing the criteria in the left hand column and the alternatives in the top row. Fill the matrix by ranking the alternatives against each criteria from best to worst. Finally, look at the bottom of the table to make the best decision for your situation.

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Cost Benefit Analysis Template

The Cost-Benefit Analysis provides a way to decide which proposed option or project is the most valuable. This template will allow decision makers to compare among several solutions or projects and select the one that offers the greatest return against the cost of implementation. For simplicity, the analysis results here are expressed as a payback period and as a benefit-cost ratio, assuming that all projects are short-term in nature.

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Paired Comparison

Paired Comparison Analysis

Paired Comparison Analysis is an activity for evaluating a small range of options by comparing them against each other. It is a useful and easy technique for rating and ranking alternatives where the evaluation criteria are subjective by nature. This is practically helpful when priorities are not clear enough, when alternatives are completely different from one another, or when there is little objective data to base our decision on.

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Pugh Matrix

Pugh Matrix

A Pugh Matrix is a selection method used to compare and select the best solution from a set of alternative proposals. It helps determine which of the solutions are more valuable than the others. One advantage of this method is that it does not require a great amount of quantitative data. Furthermore, subjective opinions about one alternative versus another can be made more objective.

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Pugh Matrix Template

The main idea behind the Pugh Matrix is to compare a set of alternatives against a standard to determine which one is the most appropriate. A basic matrix consists of the alternative proposals and a set of criteria. Start by writing the criteria in the left hand column and the alternatives in the top row. Fill the matrix by indicating how each alternative is compared against the standard (in the form of pluses and minuses). Finally, look at the bottom of the table to make the best decision for your situation.

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