What are the benefits of using decision matrices in decision-making?
Decision matrices help in evaluating options systematically, ensuring a more objective decision-making process.
Can you explain how a decision matrix works?
Sure! A decision matrix involves listing options and criteria, scoring each option against the criteria, and calculating a total score.
What types of decisions are best suited for a decision matrix?
They're great for complex decisions with multiple criteria, like choosing a vendor or selecting a project.
Are there any drawbacks to using decision matrices?
Yes, they can be time-consuming and may oversimplify complex decisions if not used carefully.
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