You use a decision matrix to weigh price, quality, and reliability factors. This structured approach helps you make informed choices, reducing the risk of poor vendor relationships.

This decision-making tool uses a simple decision matrix that separates actions based on four possibilities, and it looks something like the table below.

Learn how to create a risk assessment matrix in Excel with this step-by-step guide. Automate, visualize, and simplify risk management with a ...

Learn how to use the Eisenhower Matrix to help sort your tasks on priority enabling you to easily see which task you should be tackling next.

I have found that one of the best frameworks for helping get things done is the classic “urgent vs. important” two-by-two matrix.