The Decision Matrix: How to Prioritize What Matters
Curated from: fs.blog
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Not all decisions are the same
The decisions we spend the most time on are rarely the most important ones.
The decisions we spend the most time on are rarely the most important ones. Not all decisions need the same process. Sometimes, trying to impose the same process on all decisions leads to difficulty identifying which ones are most important, bogging us down and stressing us out.
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The Eisenhower Matrix
The Eisenhower Matrix is a productivity, prioritization, and time-management framework designed to help you prioritize a list of tasks or agenda items by first categorizing those items according to their urgency and importance.
The decision matrx is a version of the Eisenhower Matrix, which helps you distinguish between whatâs important and whatâs urgent, in a simple and easy to understand way.
Itâs so simple you can draw it on a napkin, and once you get it, you get it.
While it wonât make the decisions for you, it will help you quickly identify which decisions you should focus on.
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The Decision Matrix
Decisions can be classified as:
- Irreversible and inconsequential
- Irreversible and consequential
- Reversible and inconsequential
- Reversible and consequential
The great thing about the matrix is that it can help you quickly delegate decisions. You do have to do a bit of mental work before you start, such as defining and communicating consequentiality and reversibility, as well as where the blurring lines are.
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Save Time by delegating
Delegated both types of inconsequential decisions to subordinates or the team helps save a lot of time.
Inconsequential decisions are the perfect training ground to develop judgment.
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Tricky Decisions
Reversible and consequential decisions trick you into thinking they are one big important decision.
In reality, reversible and consequential decisions are the perfect decisions to run experiments and gather information.
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What to focus on
Consequential and irreversible decisions are the ones that you really need to focus on, and the extra time and energy saved can be utilized in this area.
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