Friday, February 1, 2008

New Feature: Paired Rankings!

The latest version of DecisionPlanner has a new feature called paired rankings. You enter your alternatives and DecisionPlanner walks you through each combination and asks for a vote.

Various studies have shown that people have a much easier time choosing between two options than they do ranking a list of three or more options. Our common sense tells us this would be the case.

Therefore, if you have more than two alternatives, a valuable technique is to put the alternatives into pairs and choose between two at a time. For example, if you have three alternatives (A,B, C), first choose between A and B, then A and C, then B and C - only two at a time. Score one point for each alternative when you choose it. The alternative with the most points is your preferred solution. This technique gives you a more accurate ranking of your alternatives. The power of this technique increases with the number of alternatives you have to consider.

You can also do this paired ranking technique by perspective. A perspective is anyone, or any entity (a department in your company, for example), that has a stake In the outcome of your decision. Have each perspective go through the paired ranking process. You may find agreement, but even If you do not, you'll end up with a ranking of the alternatives that will give you a sound basis to continue the decision making process.

Would you like help with decision making? Try DecisionPlanner at www.yoopersoft.com.

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