Create an Evaluation Matrix Chart in Excel that will let you compare the 3 careers/positions at technology companies side by side on each criterion.
What should be in the matrix are:
Salary
Education/Certification
Career Outlook (what percentage of jobs will be available in the future)
Duties
Work Schedule
Look up the criteria for each of your careers/professions on the Bureau of Labor and Statistics Occupational Outlook Handbook at
https://www.bls.gov/ooh/
and O*Net
https://www.onetonline.org/
. You may use other sources of information.
Create 2 Excel worksheets.
Divide 100 points among the criteria, with the highest number of points going to the criteria that is most important to you.
An example of the matrix is in this section as an attachment. Watch videos in the video reference folder for guidance. Additional Resources available under GCFLearnFree.org section.
Do not forget to record your sources/references.
Find attach an example of evaluation matrix example criteria.
Evaluation Matrix
An important tool you can use to
make informed decisions
Decisions Can Be Difficult
⢠When making a choice among several
options, it helps to know at the outset what
is of greater or lesser importance to you
⢠Most of us cannot âhave it allâ
⢠The âyardsticksâ you will use to measure how
each option rates on different factors can be
called criteria (singular is âcriterionâ)
Car Purchase
⢠Some factors (criteria) that may be
important:
â Gas mileage
â Seating capacity
â Cost
â Warranty
â Cost of maintenance
â Cargo capacity
College Transfer Choices
⢠Cost
⢠Programs Offered
⢠Transferable Credits
⢠Housing
⢠Legacy
⢠Campus Activities
Device
⢠Speed
⢠Memory
⢠Features
⢠Cost
⢠Brand reputation
⢠Operating system
⢠Style
⢠Warranty
Your Thing
⢠Some factors (criteria) that may be
important:
Determine your criteria and construct a
matrix in Excel. Each criteria will be given a
weight to reflect its relative importance
Evaluation Matrix for Purchasing a Device
Criteria Weight System 1 System 2 System 3
Rating
Weighted
score Rating
Weighted
score Rating
Weighted
score
processor speed
memory capacity
multimedia capability
vendor support
initial cost
Totals
Memory capacity is our most important criteria so
receives the highest weight. Cost, while still a
concern, is not as critical as other factors.
Evaluation Matrix for Purchasing a Device
Criteria Weight System 1 System 2 System 3
Weighted Weighted Weighted
Rating Score Rating Score Rating Score
processor speed 25%
memory capacity 30%
multimedia capability 15%
vendor support 20%
initial cost 10%
Totals 100%
Rank the 3 systems on how well they meet criteria.
System 1 did well on speed and cost, but poor on
memory (important to us!). System 2 was good on
memory but poor on vendor support.
Evaluation Matrix for Purchasing a Computer
Criteria Weight System 1 System 2 System 3
Weighted Weighted Weighted
Rating Score Rating Score Rating Score
processor speed 25% 90 75 75
memory capacity 30% 60 90 80
multimedia capability 15% 75 75 60
vendor support 20% 75 60 75
initial cost 10% 85 75 80
Totals 100%
Evaluation Matrix for Purchasing a Computer
Criteria Weight System 1 System 2 System 3
Weighted Weighted Weighted
Rating Score Rating Score Rating Score
processor speed 25% 90 75 75
memory capacity 30% 60 90 80
multimedia capability 15% 75 75 60
vendor support 20% 75 60 75
initial cost 10% 85 75 80
Totals 100% 385 375 370
At this point you could total the ratings to get a
raw score. This shows that System 1 scored the
best.
You should compute a weighted score by
multiplying the weight you assigned times the
rating you gave for a criteria.
Evaluation Matrix for Purchasing a Computer
Criteria Weight System 1 System 2 System 3
Weighted Weighted Weighted
Rating Score Rating Score Rating Score
processor speed 25% 90 22.50% 75 18.75% 75 18.75%
memory capacity 30% 60 18.00% 90 27.00% 80 24.00%
multimedia capability 15% 75 11.25% 75 11.25% 60 9.00%
vendor support 20% 75 15.00% 60 12.00% 75 15.00%
initial cost 10% 85 8.50% 75 7.50% 80 8.00%
Totals 100% 385 375 370
Sum up the weighted scores and a winner will
emerge. System 2 appears to meet more of the
criteria that we weighted as important to us.
Evaluation Matrix for Purchasing a Computer
Criteria Weight System 1 System 2 System 3
Weighted Weighted Weighted
Rating Score Rating Score Rating Score
processor speed 25% 90 22.50% 75 18.75% 75 18.75%
memory capacity 30% 60 18.00% 90 27.00% 80 24.00%
multimedia capability 15% 75 11.25% 75 11.25% 60 9.00%
vendor support 20% 75 15.00% 60 12.00% 75 15.00%
initial cost 10% 85 8.50% 75 7.50% 80 8.00%
Totals 100% 385 72.25% 375 76.5% 370 74.75%
The summed up weighted score
give a better result because it
shows the one that rated the
highest on things that were
important to us!
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