Excel Decision Matrix template - Impact Effort Matrix (2022)

also known as Impact Effort Matrix, PICK Matrix, Effective Achievable Analysis, Opportunity Analysis, Project Desirability, Project Prioritization, or Project Selection

Your Excel Decision Matrix template (DecisionPICK.xlsx)

Excel Decision Matrix template - Impact Effort Matrix (1)

plots your alternatives into a chart with 4 visual quadrants,

depicting trade-offs between

  1. the Impact that an alternative will probably have to achieve your objectives
  2. and the Achievability of the Effort that will probably be required

Impact Effort Matrix

This Decision Making Matrix was popularized as a tool for Lean Six Sigma quality improvement

and has become even more popular

as a tool for selection and prioritization of Lean Six Sigma projects.

It is the most popular decision-making tool for any type of business decision making.

Excel Decision Matrix template - Impact Effort Matrix (2)

Sample Decision Matrix example
Download free trial Excel Decision Matrix

why

How to reduct conflict using your

Decision Matrix template

Group decision making gets a whole lot easier when your team agrees on a decision-making process

Having an agreed-upon decision-making tool can be particularly useful to counterbalance the personality differences common to almost every group of 2 or more people,

where some people tend to be a little outspoken while others keep their (often better) ideas to themselves.

An Impact Effort Matrix decision-making tool can be especially useful in those uncomfortable moments when you find yourself in the position of being the designated facilitator in a group that happens to include your boss.

Video: Decision Making Tools

Or your boss's boss.

Whether it's your career on the line, or just a mild desire to avoid any possibility of unnecessary conflict...

a skilled group facilitator will become competent using every one of the many types of decision making tools that each are useful for different types of decision-making situations.

how

How to use your

Decision Matrix template

These instructions are for the Decision Matrix Quadrant Chart (DecisionPICK.xlsx)

Instructions for the simple Decision Matrix template (DecisionSimple.xlsx) are found near the bottom of this page.

Open your template the usual way

Find and open your template

Find and open your Decision Matrix template

(DecisionPICK.xlsx)

in the same way that you find and open your other 150+ Systems2win templates.

Excel Decision Matrix template - Impact Effort Matrix (3)

If you don't yet own a license, you can download your free trial now.

Save your working document

(Video) Impact-Effort Matrix Excel Template | Prioritization Framework in Excel!

following the usual document storage and naming conventions established by your leaders

Open a Blank Sheet

When you're ready to start doing your own real work...

click the button to 'Open a Blank Sheet'

Excel Ribbon > Systems2win tab > Open a Blank Sheet

This blank sheet is where you will do your real work

(not on the Sample sheet — which gives you sample data that is extremely helpful for learning how to use your new tool, but is the wrong place to do your real work)

Excel Decision Matrix template - Impact Effort Matrix (4)

Rename your new sheet.

If English is not your preferred language

Switch to your language, just like every Systems2win Excel template.

Before getting started using your

Decision Making Matrix

Choose Chart Type

In the dropdown list near the top of the page, choose either:

  1. Impact Effort PICK Matrix

    Higher scores are better for Impact, but lower scores are better for Effort, and the desired quadrant is in the upper left

  2. Effective Achievable Analysis

    Higher scores are better for both Effectiveness and Achievability,and the desired quadrant is in the upper right

Excel Decision Matrix template - Impact Effort Matrix (5)

Impact Effort Matrix

is the more popular format for a decision making chart

Excel Decision Matrix template - Impact Effort Matrix (6)

Excel Decision Matrix template - Impact Effort Matrix (7)

Effective Achievable

is perhaps more intuitive because for both scales a higher score is better and Achievability often considers factors beyond Effort

Excel Decision Matrix template - Impact Effort Matrix (8)

Excel Decision Matrix template - Impact Effort Matrix (9)

PACE images from Karen Martin and Associates

Define your rating scales

On the DV sheet, define the rating scales that will appear in the dropdown lists,
perhaps choose from the many popular rating scale options.

Excel Decision Matrix template - Impact Effort Matrix (10)

Now your team is ready to start using your

Decision Making Excel template

Define the decision that needs to be made

Title

Succinctly summarize the problem in the Title field near the top of the page

Ensure that everyone understands and agrees upon what is to be decided.

List Alternatives

(Video) Impact Effort Matrix Template

Perhaps use your Values List template, and/or your Hansei questions,
and/orany of the brainstorming techniques to come up with creative and comprehensive Alternatives.

Reminder:

As with all Systems2win templates...

you can use Link Icons to easily insert intuitive shapes with hyperlinks to related documents

At a minimum, you should link to the Project Charter for each Alternative.

Now skip down to the Details section

As with any Systems2win template... Never edit blue cells that contain formulas.

Those cells will auto-populate when you complete the details section.

Excel Decision Matrix template - Impact Effort Matrix (11)

Agree upon Objectives

to evaluate proposed solutions to the problem

Objectives

If you are selecting and/or prioritizing Lean Six Sigma Projects see our online training page filled with ideas and examples
of factors to consider for Selection and Prioritization of Lean Six Sigma Projects

Excel Decision Matrix template - Impact Effort Matrix (12)

To generate additional ideas perhaps use any of the many brainstorming techniques

To clarify, prioritize, and reduce your list perhaps use your Values List template and other list reduction methods

Importance

Assign weight of Importance for each objective in the Impact Rating Section

Usually use a simple 0–10 scale.

You can use any rating scale, as long as larger numbers are more important.

Assign Impact and Effort ratings

Impact and Effort Ratings

In the Impact and Effort ratings grids, use the dropdowns to choose from your team's chosen rating scale.

If you enter a period (.) — that means that your team has agreed that the value is zero.

If a cell is blank — that means that your team has not yet agreed upon a Rating value.

The scores for each column will auto-calculate:

Impact / Effort - Raw Score = Sum of (Impact * Importance)

Impact / Effort - Score - Adjusted = Calculation that sets the highest Raw Score as (10 * Max),
and then all other scores are a percentage of that highest score (rounded to the nearest whole number)

Easily Adjust your Scale

Use the slider controls near the chart to quickly adjust your Maximum values...

because none of your choices are THAT good, or THAT difficult

Try it

Use the slider controls, and see how easy it is to adjust the scale on your chart

Impact / Effort - Other Considerations

Optionally use these sections to itemize objective measures of Impact / Effort that don't fit your usual rating scale.

Impact Examples:

(Video) Action Priority Matrix Google Sheets Template | Effort Impact Matrix

Expected Return On Investment (ROI) — measured in dollars

Yes, your rating scale section might also have a line item for 'ROI' with a 0-10 scale, but it might also be nice to quantify the dollar impacts of each proposed project.

Perhaps refer to linked spreadsheets with detailed cost & ROI analysis.

Time Savings — measured in minutes per shift

Yes, your rating scale section might also have a line item for 'Time Savings' with a 0-10 scale, but it might also be nice to quantify the time savings impacts for each proposed project.

Effort Examples:

Who? — which people or teams might lead each project

Yes, your rating scale section might also have a line item for 'Team Availability' with a 0-10 scale, but it might also be nice to clarify details of who might be needed for 'Leaders', 'Team Members', etc.

Specific Concerns

Yes, your rating scale section might also have a line item for 'Implementation Enthusiasm' with a 0-10 scale, but it might also be nice to clarify details of who might have concerns about what.

Apply chart data labels

Important: A dot will appear on the chart only after you have entered ALL of the required data elements for each row/column:

  1. Importance rating
  2. Impact rating
  3. Effort rating

Excel Decision Matrix template - Impact Effort Matrix (13)

Important: Data labels will appear next to the dots on the chart only after in the Systems2win menu in the Excel Ribbon bar, you select 'Apply Chart Labels'

Every time that you enter a new Alternative, or change the description of an Alternative...

you will click this button again.

Optional: Choose your desired level of detail for your chart labels

by using the dropdown list near the top of the page to select either:

  1. Number
  2. Description
  3. Both Number and Description

and then select the button again to 'Apply Chart Labels'

Excel Decision Matrix template - Impact Effort Matrix (14)

Tip: If you want your highest-rated alternative to have an Impact or Effort rating lower than 10, (because none of your alternatives are THAT good, or none are THAT difficult...) then you can optionally use the slider controls to adjust the 'Max' values.

Optional: If you want to temporarily change the format of your chart labels then you can use everything you know about how to format any Excel chart.

Perhaps change font size... Move a label...

Keep in mind, however, that each time that you click the button to Apply Chart Labels ,chart label formats will revert to the default settings.

Evaluate your Alternatives

The Decision Matrix quadrant chart makes it easy to visually see where each alternative falls in the quadrants to Proceed, Investigate, Consider, or Kill, but your team will probably want to use your Impact Effort Matrix as just one element of a less mechanical overall decision-making process.

Excel Decision Matrix template - Impact Effort Matrix (15)

Facilitate dialog

Talk to each other.

Listen. (really listen)

Perhaps modify and improve upon (or combine) Alternatives.

Allow time for team members to think, ponder, reflect, and consider hansei questions... before regathering to make final decisions.

Make decisions

Our Priority Ranking

After some pleasant genteel discussion,

(or a scratch & claw cat fight... depending on the nature of your team...)

record your decisions in the row for Our Priority Ranking.

#1 is your top priority

Please note that your final Priority Ranking may or may not identically match the calculated Scores, because your team may take into consideration additional factors.

(Video) Impact Effort Matrix

Excel Decision Matrix template - Impact Effort Matrix (16)

Make plans to implement your priorities

Once your decisions have been made...

your next step is to lay out plans for how to implement your priorities

Templates that might be helpful for project planning might include any of the templates for project management

Socialize your decisions and plans

Like every Systems2win Excel template, you have the choice to print to either paper or PDF.

Notice that you have the choice to print either:

  1. Just the Summary section, or
  2. Both Summary and Detailed sections

Learn how to use the Systems2win Print Buttons that are common to many of your Systems2win templates

Excel Decision Matrix template - Impact Effort Matrix (17)

Excel Decision Matrix template - Impact Effort Matrix (18)

simple

How to use the simple

Decision Matrix template

The Decision Matrix Quadrant Chart templates (DecisionPICK.xlsx) is the more popular choice,but there are times when you might want to use the simple Decision Matrix template (DecisionSimple.xlsx)

Open your template the usual way

Find and open your template

Find and open your Decision Matrix template

(DecisionPICK.xlsx)

in the same way that you find and open your other 150+ Systems2win templates.

Excel Decision Matrix template - Impact Effort Matrix (19)

Similarities with Decision Matrix Quadrant template

The simple Decision Matrix template (DecisionSimple.xlsx) is very similar to the Decision Matrix Quadrant Chart template (DecisionPICK.xlsx)

so the instructions are very similar to the instructions in the section above.

Differences

Excel Decision Matrix template - Impact Effort Matrix (20)

  1. There are no Effort ratings.

    There are only Impact ratings.

    You can, however, use some of the (unlimited) user-defined columns to consider factors that affect Effort.

  2. You can use any scale in the 'Max' field, you can specify any positive number,and the calculated ratings will automatically adjust to that scale.

    The default is 10.

    If you enter the number 100, then the rating scale will be from 0 to 100.

    Learning Experiment: Try it in your own workbook.

    (Video) ✅ Excel Template Matrix for Decisions

This Decision Matrix template and many other decision making tools

come bundled with a lot of other useful Continuous Improvement tools

to empower every team leader

FAQs

Does Excel have an Eisenhower matrix template? ›

The Eisenhower Matrix also known as the Urgent-Important Matrix in this Excel template lets you decide and prioritize tasks by their Urgency and Importance level and helps you divide your tasks into categories such as what to do now, what to plan later, what to delegate and what to delete from your list.

What is a decision matrix template? ›

A decision matrix evaluates and prioritizes a list of options and is a decision-making tool. The team first establishes a list of weighted criteria and then evaluates each option against those criteria. This is a variation of the L-shaped matrix.

What is impact VS effort matrix? ›

An impact effort matrix is a simple yet powerful prioritization tool. It's designed to help teams get on the same page and prioritize tasks based on what will offer the most impact with the lowest amount of effort. To set up an impact effort matrix, create four quadrants with a “t” in the middle.

Is there a decision tree template in Excel? ›

From the Project Management menu, select the Decision Tree tab. Then, some templates will show up in the below section. You can choose any template or you can also choose to create a Decision Tree from scratch.

How do you create a weighted decision matrix? ›

How to create a weighted decision matrix
  1. List different choices. Start by listing all the decision choices as rows. ...
  2. Determine influencing criteria. ...
  3. Rate your criteria. ...
  4. Rate each choice for each criterion. ...
  5. Calculate the weighted scores. ...
  6. Calculate the total scores. ...
  7. Make your decision.
11 Feb 2019

What is the Eisenhower matrix? ›

The Eisenhower Matrix is a productivity, prioritization, and time-management framework designed to help you prioritize a list of tasks or agenda items by first categorizing those items according to their urgency and importance.

How do you make an Eisenhower matrix in Google Sheets? ›

Eisenhower Matrix Google Sheets Template | Priority Matrix Spreadsheet

Is there a decision tree template in Word? ›

Unfortunately, there's no decision tree template in Word. Choose a SmartArt Graphics from the Hierarchy template that can work best for your needs.

Is there a decision tree template in Powerpoint? ›

From the Project Management menu, go to the Decision Tree tab. A collection of templates and the option to create a new decision tree will appear in the menu. To make a Decision Tree from scratch, click the large + sign.

How is the decision-making matrix model used to consider risk? ›

The Decision-Making Matrix helps staff categorize risk behaviors by considering their likelihood and their potential outcomes. For example, the likelihood that the patient was going to strike Jeff was moderate. But because the man was frail, it was unlikely that the outcome of a strike would be severe.

How do you create an action priority matrix in Excel? ›

How to create an action priority matrix
  1. Create a list of activities or tasks. Create a list of tasks or activities the team needs to complete. ...
  2. Create your diagram. ...
  3. Assign an impact and effort score to each item. ...
  4. List your items in their correct squares. ...
  5. Complete tasks based on the matrix's assigned effort and impact.
7 Dec 2021

Who invented the impact effort matrix? ›

Designed by Bjørn Andersen, Tom Fagerhaug, and Marti Beltz, this tool is used after a brainstorm to decide which of many solutions to implement. This helps a group focus on ideas that are the most manageable to implement and have the largest impact on solving your problem.

What is the main benefit to creating an effort matrix? ›

Benefits of creating an impact effort matrix

The impact effort matrix is a valuable decision-making tool. It helps teams optimize limited time and resources while providing a visual guide to everything from daily to-do lists to more complex strategic plans.

What is an impact effort grid? ›

The impact effort matrix is a visual tool designed to help teams prioritize tasks and maximize their efficiency while ensuring that their goals are aligned. Set up as a four-quadrant grid, the matrix organizes tasks into four categories: Quick wins: Projects with maximum impact that require minimal effort.

What is an ease impact matrix? ›

The Ease Impact is a simple tool for evaluating ideas and concepts. It evaluates alternatives based on 2 simple variables, the Ease of Implementation and the Impact it has on the customer.

What is a cause and effect matrix? ›

The Cause and effect matrix is a Lean Six Sigma. tool used to prioritize the key process input variables (KPIVs) based on priorities of customer outputs (KPOVs). In other words, it establish the correlation between process input variables to the customer's outputs during root cause analysis.

What is a decision matrix chart? ›

A decision matrix is a series of values in columns and rows that allow you to visually compare possible solutions by weighing variables based on importance.

What is the purpose to make decision matrix? ›

Decision Matrix Analysis helps you to decide between several options, where you need to take many different factors into account. To use the tool, lay out your options as rows on a table. Set up the columns to show the factors you need to consider.

How do I use TreePlan in Excel? ›

To use TreePlan, you (1) open a new worksheet, (2) choose Tools | Decision Tree from Excel's menu, (3) select a node to change the structure of your decision tree, (4) enter branch names, cash flows, and probabilities, and (5) determine the optimal strategy from TreePlan's results.

How do I make a tree diagram in Excel? ›

  1. Highlight the data you want to use for your Treemap.
  2. Click the Insert tab.
  3. Click the Insert Hierarchy button > Treemap. Excel will create and insert a Treemap chart into your spreadsheet.
  4. Double-click the chart to format it.
9 May 2016

What is weighted decision matrix? ›

A weighted decision matrix is a simple table that has an aim to help you define and visualize a winner between the different options. This is a powerful quantitative technique known all over the world. The matrix evaluates your choices against a set of criteria you need to consider.

How do you create a weighting system? ›

How to create and use a weighted scoring model
  1. Step 1: List out your options. This is the easiest step in the process. ...
  2. Step 2: Brainstorm your criteria. ...
  3. Step 3: Assign weight values to your criteria. ...
  4. Step 4: Create your weighted scoring chart.
18 May 2022

What is another name for the Eisenhower Matrix? ›

The Eisenhower Matrix is a time management tool for prioritizing tasks. It is also known as the Urgent/Important Matrix, Time Management Matrix and the Eisenhower Method. The Eisenhower Matrix gets its name from the 34th president of the United States, Dwight D.

How many categories are there in Eisenhower Matrix? ›

As mentioned above, the Eisenhower Matrix consists of four quadrants: important and urgent, not important and urgent, important and not urgent, and not important and not urgent. Below is a breakdown of each quadrant to hello you decide which of your own tasks belong in which sections.

What are the 4 D's of time management? ›

The 4 Ds are: Do, Defer (Delay), Delegate, and Delete (Drop). Placing a task or project into one of these categories helps you manage your limited time more effectively and stay focused on what matters most to you.

What are the 4 boxes in the time management matrix? ›

The four quadrants of the Covey Time Management Matrix
  • Quadrant 1: Urgent and important.
  • Quadrant 2: Not urgent but important.
  • Quadrant 3: Urgent but not important.
  • Quadrant 4: Not urgent and not important.

What are the 5 principles of time management? ›

12 Most Effective Time Management Principles
  • Determine what is urgent.
  • Don't over commit.
  • Have a plan for your time.
  • Allow time for the unexpected.
  • Handle things once.
  • Create realistic deadlines.
  • Set goals for yourself and your time.
  • Develop routines.

How do you create a matrix in Google Sheets? ›

How To Make A Matrix In Google Docs In 2021 - YouTube

How do you add a priority in Google Sheets? ›

To sort, hover your mouse over the column you want to sort by, and then click on the little triangle that appears and select “Sort Sheet A-Z” or “Sort Sheet Z-A,” from the menu, as shown below. I've shown the same sheet sorted by priority below. This way we can easily see what has to be done right away.

Can you create a decision tree in Visio? ›

You can use Visio to create your decision tree. A decision tree is a flowchart type.

How do you make a decision flowchart in Word? ›

From the Insert tab within the Ribbon, select a flowchart shape from the dropdown gallery. You can then click and drag it to the size you want on the page to place it. Continue to add shapes and lines to complete your flowchart.

How do you make a decision flowchart in PowerPoint? ›

Go to Insert > Shapes. Doing this opens a dropdown menu of PowerPoint's shape libraries—scroll down until you find the flowchart section. There you'll find all the necessary shapes for creating a flowchart, from decision boxes to manual input boxes.

How do you make a decision flow chart in PowerPoint? ›

On the Insert tab, click SmartArt. In the Choose a SmartArt Graphic dialog box, on the left, select the Process category. Single-click a flow chart in the middle pane to see its name and description in the right pane of the dialog box. Select the flow chart you want, and then click OK.

How do you create a tree structure in PowerPoint? ›

Create a tree diagram
  1. Click File > New > Templates > General, and then open Block Diagram.
  2. From the Blocks and Blocks Raised stencils, drag block shapes onto the drawing page to represent stages in a tree structure.
  3. To add text to a shape, select the shape, and then type.

What are the two factors that determine risk in the decision-making matrix? ›

The risk matrix is based on two intersecting factors: the likelihood that the risk event will occur, and the potential impact that the risk event will have on the business. In other words, it's a tool that helps you visualize the probability vs. the severity of a potential risk.

How do we measure decision-making? ›

The general strategy to measure decision-making ability is to ask a patient a series of questions that assess that ability and to score those answers using criteria (for example: adequate answer = 2, marginal answer = 1, inadequate answer = 0).

How do businesses use decision matrix? ›

How To Use a Decision Matrix
  1. Create a Matrix. Decision Matrixs' are created by using a labeled table. ...
  2. Score Each Product. You would then give each product a numerical rating based on the factors listed. ...
  3. Order Your Factors. Some factors are more important than others. ...
  4. Calculate Your Options. ...
  5. Make Your Decision.
6 Aug 2021

How do you create an action priority matrix in Excel? ›

How to create an action priority matrix
  1. Create a list of activities or tasks. Create a list of tasks or activities the team needs to complete. ...
  2. Create your diagram. ...
  3. Assign an impact and effort score to each item. ...
  4. List your items in their correct squares. ...
  5. Complete tasks based on the matrix's assigned effort and impact.
7 Dec 2021

What is the main benefit to creating an effort matrix? ›

Benefits of creating an impact effort matrix

The impact effort matrix is a valuable decision-making tool. It helps teams optimize limited time and resources while providing a visual guide to everything from daily to-do lists to more complex strategic plans.

Which quadrant within the impact effort matrix would you target first? ›

Quadrant 1: Quick wins (High impact, low effort)

Approach: Do these tasks first.

Who invented the impact effort matrix? ›

Designed by Bjørn Andersen, Tom Fagerhaug, and Marti Beltz, this tool is used after a brainstorm to decide which of many solutions to implement. This helps a group focus on ideas that are the most manageable to implement and have the largest impact on solving your problem.

How do you create a prioritization matrix? ›

To create a project priority matrix, you first need to create a list of potential projects. Next, determine your selection criteria and their weights, then input scores for each item. Finally, compare the scores to decide on your next project. Use the matrix that is best for the job.

What is the Eisenhower matrix? ›

The Eisenhower Matrix is a productivity, prioritization, and time-management framework designed to help you prioritize a list of tasks or agenda items by first categorizing those items according to their urgency and importance.

What is an ease impact matrix? ›

The Ease Impact is a simple tool for evaluating ideas and concepts. It evaluates alternatives based on 2 simple variables, the Ease of Implementation and the Impact it has on the customer.

What is a control impact matrix? ›

The control-impact matrix is an effective problem-solving and prioritization tool that organizes the proposed solutions according to their impact and control. Here, the impact counts how a cause can affect a particular problem or effect. Likewise, the control relates to the specific causes under the team's control.

What is an impact effort grid? ›

The impact effort matrix is a visual tool designed to help teams prioritize tasks and maximize their efficiency while ensuring that their goals are aligned. Set up as a four-quadrant grid, the matrix organizes tasks into four categories: Quick wins: Projects with maximum impact that require minimal effort.

What is the 4 quadrant method? ›

The 4 quadrant method of time management takes your linear to do list and asks you to split all the items up into 2 buckets: what's important and what's not important. You only want to do tasks that are actually important, so within this “bucket”, split it up further base on what's due soon and what's due much later.

What is a probability impact matrix? ›

Probability and Impact Matrix. The Probability and Impact Matrix is one the most commonly used qualitative assessment method. It is based on the two components of risk, probability of occurrence and the impact on objective(s) if it occurs.

What is a cause and effect matrix? ›

The Cause and effect matrix is a Lean Six Sigma. tool used to prioritize the key process input variables (KPIVs) based on priorities of customer outputs (KPOVs). In other words, it establish the correlation between process input variables to the customer's outputs during root cause analysis.

What is an action matrix? ›

An action priority matrix is a diagram that helps people determine which tasks to focus on, and in which order. You create this matrix using two components. First, draw a graph that measures effort along the x-axis and impact along the y-axis.

Videos

1. Impact Effort Matrix (aka PICK Matrix, Action Priority Matrix, Impact Ease Matrix) - RATED!!!
(RISR Careers)
2. Features Prioritization: How to Create an Impact/Effort Matrix
(Oak City Labs)
3. How to use the Impact Effort Matrix for Product Management (Real Example)
(TecQuipped)
4. How to create a 4-Quadrant Matrix Chart in Excel
(Caripros HR Analytics)
5. Decision Matrix Template | Easy Decision Making in Excel
(Someka)
6. Action Priority Matrix | Prioritize your tasks based on effort and impact
(Someka)

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