Decision matrix

Probably the most useful method for me to compare different scenarios is the “decision matrix”. Here is a simple example how it works_

Imagine you post reels on Instagram and looking to pick a new video editing software. There are tons of options out there, so how do you choose the best one for you? A decision matrix can help!

  1. Options: First, write down the editing software programs you’re considering. Maybe you’re looking at Adobe Premiere Pro, DaVinci Resolve, and Hitfilm Express.
  2. Priorities: What’s important to you in a video editing software? Here are some possibilities:
    • Ease of use: How easy is it to learn and use the software?
    • Features: Does it have all the editing tools you need (like cutting, transitions, color correction)?
    • Price: How much does it cost? Some are free, while others have monthly subscriptions.
  3. Rate each option: Now, for each priority (ease of use, features, price), score each editing software (Premiere Pro, DaVinci Resolve, Hitfilm Express) from 1 (low) to 5 (high). Here’s a possible breakdown:
FeaturePremiere ProDaVinci ResolveHitfilm Express
Ease of use345
Features554
Price (monthly cost)$20FreeFree
  1. See the winner: Add up the points for each software. In this example:
    • Premiere Pro: 3 + 5 + 20 = 28
    • DaVinci Resolve: 4 + 5 + 0 = 9
    • Hitfilm Express: 5 + 4 + 0 = 9

Based on these priorities, Premiere Pro seems like the best option because it scores the highest. You might value ease of use over features, so Hitfilm Express could be your winner.

The decision matrix helps you see the pros and cons of each option side-by-side in a clear and organized way. It empowers you to make an informed decision based on your specific needs, not just because a program is popular or expensive.

Links:

https://en.wikipedia.org/wiki/Decision_matrix

https://asana.com/resources/decision-matrix-examples

https://www.mindtools.com/aksic2i/decision-matrix-analysis