Weighted Scoring
Definition
Weighted Scoring: Weighted scoring evaluates options by rating them against multiple criteria, with each criterion assigned a weight based on importance. Scores are multiplied by weights and summed. This method makes trade-offs explicit and enables systematic comparison of complex alternatives.
Example Usage
βWe used weighted scoring for vendor selection: security (weight 3), price (weight 2), features (weight 2), support (weight 1). Made the decision defensible.β
Common Misconceptions
Related Terms
RICE Scoring
RICE is a prioritization framework scoring initiatives on Reach (how many users affected), Impact (effect per user), Confidence (certainty of estimate...
Cost-Benefit Analysis
Cost-benefit analysis systematically compares the costs and benefits of a decision, project, or policy. By quantifying both sides in comparable terms...
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