What are some case studies of weighted scoring in decision-making?

What are some case studies of weighted scoring in decision-making?

Weighted scoring is a method used to evaluate options based on multiple criteria. One notable case study is the selection of a new software vendor by a large corporation. They used weighted scoring to assess vendors based on cost, features, support, and scalability, assigning different weights to each criterion based on their importance.

Can you give me another example?

Sure! Another example is in project management, where a company used weighted scoring to prioritize projects. They evaluated potential projects based on factors like ROI, alignment with strategic goals, and resource availability, assigning weights to each factor to determine which projects to pursue.

What criteria are typically used in weighted scoring?

Common criteria include cost, benefits, risks, alignment with goals, and resource requirements. The specific criteria depend on the context of the decision.

How do you determine the weights for each criterion?

Weights can be determined through stakeholder input, historical data analysis, or by using methods like pairwise comparison to assess the relative importance of each criterion.