getting started with makeitrational decision-making software
DESCRIPTION
MakeItRational is a decision-making software that helps you to make rational and defendable choices based on multi-criteria evaluation. See how it works.TRANSCRIPT
http://makeitrational.com
Getting started with MakeItRationaldecision-making software
How does it work?
1. List alternatives.
2. Define goal and criteria.
3. Prioritize criteria.
4. Score alternatives.
5. Reach consensus.
6. See results.
List alternatives
List of „things” that will be evaluated. Depending on a decision it will be a list of: suppliers, projects, locations, candidates, features, markets, products…
How does it work?
1. List alternatives.
2. Define goal and criteria.
3. Prioritize criteria.
4. Score alternatives.
5. Reach consensus.
6. See results.
Define goal and criteria
What is your goal? What criteria will be taken into account during evaluation? Quality, price, time, strategic alignment, guarantee, reliability, experience…
How does it work?
1. List alternatives.
2. Define goal and criteria.
3. Prioritize criteria.
4. Score alternatives.
5. Reach consensus.
6. See results.
Prioritize criteria
Compare criteria in pairs, each time choose the more important one and select the level of dominance on a 9-point scale.
How does it work?
1. List alternatives.
2. Define goal and criteria.
3. Prioritize criteria.
4. Score alternatives.
5. Reach consensus.
6. See results.
Score alternatives
Define rating scales that model your preferences and use them to score alternatives in context of criteria.
Value Offer price
0 > avg. price + 20%
1 > avg. price + 10%
2 = avg. price ± 10%
3 < avg. price - 10%
4 < avg. price - 20%
Value Air-Conditioning
0 Not available
1 Manual
2 Automatic
Note: more preferred = higher value
How does it work?
1. List alternatives.
2. Define goal and criteria.
3. Prioritize criteria.
4. Score alternatives.
5. Reach consensus.
6. See results.
Reach consensus
Different values have been provided by members of the group on theprevious steps. Now establish common values for the group. If youcan’t agree on a value use an average.
How does it work?
1. List alternatives.
2. Define goal and criteria.
3. Prioritize criteria.
4. Score alternatives.
5. Reach consensus.
6. See results.
Results
• Ranking of alternatives shows what should be chosen.
Ranking of alternatives
Results
• Ranking of alternatives shows what should be chosen.
• Radar chart gives information about strengths and weaknesses of alternatives.
Comparison on radar chart
Results
• Ranking of alternatives shows what should be chosen.
• Radar chart gives information about strengths and weaknesses of alternatives.
• Pie chart displays priorities of decision maker.
Criteria weights
Results
• Ranking of alternatives shows what should be chosen.
• Radar chart gives information about strengths and weaknesses of alternatives.
• Pie chart displays priorities of decision maker.
• Sensitivity analysis informs what happens with final ranking when weight of criterion changes.
Sensitivity analysis
Results
• Ranking of alternatives shows what should be chosen.
• Radar chart gives information about strengths and weaknesses of alternatives.
• Pie chart displays priorities of decision maker.
• Sensitivity analysis informs what happens with final ranking when weight of criterion changes.
• Find out more about MakeItRational results: http://makeitrational.com/multi-criteria-evaluation/results
Try it now (no registration required)http://makeitrational.com/demo