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The Decision Matrix: How to Prioritize What Matters
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Key Ideas
Not all decisions are the same
The decisions we spend the most time on are rarely the most important ones.
The Decision Matrix
The Decision Matrix
- Irreversible and inconsequential
- Irreversible and consequential
- Reversible and inconsequential
- Reversible and consequential
Save Time by delegating
Inconsequential decisions are the perfect training ground to develop judgment.
Tricky Decisions
In reality, reversible and consequential decisions are the perfect decisions to run experiments and gather information.
What to focus on
SIMILAR ARTICLES & IDEAS:
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Key Ideas
10/10/10 Rule
Before making a decision, considers how you’ll feel about this decision in 10 minutes, 10 months, and 10 years.
It’s easy to make short-term decisions that may be beneficial 10 minutes...
Pareto’s Law
In anything we do, there’s always ~20% of activities that will deliver 80% of our desired results.
It’s easy to be wrapped up in ‘busy’ work without ever getting anything done. Pareto’s Law is a useful mental model to be more effective, rather than just be efficient.
Parkinson’s Law
Work expands so as to fill the time available for its completion. So try placing artificial time limitations.
If we’re given three hours to complete a task that normally would take an hour, we’ll find a way to fill those three hours. However, when we’re down to the final thirty minutes, we’re suddenly feeling the pressure to get things done.
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Key Idea
Eisenhower Decision Matrix
The matrix consists of a square divided into 4 quadrants:
- Important/Urgent quadrants are done immediately and personally;
- Important/Not Urgent quadrants get an end ...
5
Key Ideas
The Planning Fallacy
We all have busy schedules, but we are incorrectly planning our day around the time we have, not around priorities.
Our estimates on how long certain tasks will take are almost always ...
The 4 Kinds of Priorities
The Decision Matrix on how to approach tasks has 4 quadrants:
- Quadrant 1: The Urgent Problems which are important.
- Quadrant 2: Not Urgent but important tasks
- Quadrant 3: Urgent but not really important
- Quadrant 4: Distractions and time-wasting tasks.
Prioritize the important (Quadrant 2) to attain maximum benefit from your work.
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