The main idea behind the prioritization matrix is to compare and select the optimal alternative from a set of options. A basic prioritization matrix consists of a list of criteria options and the alternatives currently under consideration. Start by placing the criteria in the left-hand column and the alternatives in the top row. Subsequently, fill the matrix by ranking the alternatives against each criterion from best to worst. Finally, look at the lower portion of the table to make the best decision for your situation.
This prioritization matrix template is a Microsoft Excel spreadsheet that you can modify to suit your specific needs. It can be easily modified to include additional sections if needed. You may, for example, add more rows and columns to expand the matrix. You may also include a dedicated section for a baseline solution and use it as a standard for comparison. We invite you to contribute to the enhancement of this template by sharing your valuable comments and suggestions, which will aid us in its continuous improvement.
Prioritization Matrix (36 KB)
Prioritization Matrix (176 KB)