A decision matrix is a tool that helps you choose among several financial options by compressing the criteria and choices to fit on a single page, highlighting the most important differences.

For example, a decision with an outcome of $150,000 that costs $20,000 to attempt is dangerous if your business can't afford to lose $20,000. Eliminate outcomes with unaffordable attached risks.

The matrix takes multiple criteria and allows users to weigh them to make decisions. Correct usage of the matrix allows for swift decision-making, ignoring non-viable alternatives to solving a ...

A decision matrix can help you narrow a number of choices down to one—particularly, Drader says, when the amount of work tasks in front of you are making you feel paralyzed by “overwhelm.” ...

Gang-Zhi Fan, Seow Eng Ong, Hian Chye Koh, Determinants of House Price: A Decision Tree Approach, Urban Studies, Vol. 43, No. 12 (November 2006), pp. 2301-2315 ...