The Weighted Scoring Model quantitatively evaluates options based on predefined criteria, aiding decision-makers in prioritising choices aligned with strategic goals. Its structured approach enhances transparency, consensus, and resource allocation, making it invaluable for navigating complex decisions effectively.
Methodology:
- Identify the options,
- Define the criteria,
- Assign weights to criteria,
- Score each option against criteria,
- Calculate Weighted Scores for each option,
- Sum the Weighted Scores for each option,
- Analyse the results,
- Make a decision,
- Review and adjust as needed.
Benefits:
- Facilitates multifaceted decision-making,
- Promotes transparency and objectivity,
- Enhances strategic alignment.
Limitations:
- Subjectivity in weighting and scoring,
- Complexity in assigning accurate weights,
- Dynamic nature of priorities and conditions.