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Project Management & Agile · Intermediate

Multicriteria Decision Analysis

Technique using a decision matrix to evaluate options against weighted criteria.

Definition

Criteria such as risk, cost, value, and effort are weighted; options are scored; the highest total wins.

Example

Three vendors are scored on price (30%), capability (50%), and support (20%).

Exam tip

Also used to select requirements, vendors, and project alternatives.

Related terms