| A | B | C | D | E | |
|---|---|---|---|---|---|
1 | How to Use a Decision Matrix - Qualitative Decision Matrix Example | ||||
2 | Should I stay at my current job, try a new job, or go back to school? | ||||
3 | To see an example of a non-weigted or weighted quantitative decision matrix, select one of the tabs below labeled Non-weighted Quantitative Decision Matrix or Weighted Quantitative Decision Matrix. | ||||
4 | Stay at current job. | Accept position at new job. | Work part-time and go back to school for Masters degree | Go back to school full-time for Masters degree | |
5 | How does this make me feel? What words come to mind? | Safe, bored, stagnant | Curious, cautiously optimistic | Apprehensive, excited, overwhelmed | Worried, focussed, selfish |
6 | Family Impact: What impact does this have on my family? | Low impact, might impact my mood negatively | Medium impact, will make slightly more money, might be happier in new role | High impact, less money, debt, less free time in evenings and weekends | High impact, no money, less free time in evenings and weekends |
7 | Long term goals/personal alignment: How closely does this decision align with what I want for my future? | Does not align | Aligns somewhat | Aligns closely | Aligns closely |
8 | Day-to-day satisfaction: How will this impact my day-to-day happiness? | Low | Medium immediate, hard to say long-term | Low immediate (this would be very hard), high long-term | Medium immediate (this would be a little easier because I wouldn't have to juggle a job with school), high long-term |
9 | Income stability: How will this impact my income stability and ability to contribute to the family financially? | High | High | Low | Low |
10 | Income potential: In the next few years, how much money could I be making per year? | $65,000/yr | $85,000/yr | Short term - $35,000/yr, Long term - $125,000 | Short term - None, Long term - $125,000 |
11 | Debt to payback: How much debt will I incur? | None | None | $50,000, but can pay back some while working PT | $50,000 |
12 | Redo in the future? What are the risks if I don't do this now? Will I be able to do this in the future? | Higher risk since it would be harder to go back to school later. | Higher risk since it would be harder to go back to school later, but I might really like the new role and not feel the need to go back. | Lower risk since I can get a similar job to the one I have now if I need to. | Lower risk since I can get a similar job to the one I have now if I need to. |
13 | Impressions | Seems like the safest decision but one that will not make me happy in the long-run. | Seems like the compromise to maintain stability, make a bit more money, but not make a huge change. Hard to know if I will be happy in the long-run though. | Feels risky but would let me follw my dream. Has a lot of immediate impact but could be really positive in the long-term. | I like the idea of not working so I can focus but I don't think it is practical. This feels like the highest risk and would have long-term financial consequences. |
14 | To learn more read the full post at: https://ashleyjanssen.com/how-to-use-a-decision-matrix/ | ||||