Struggling to choose between multiple options? A weighted scoring model in Excel helps you make smarter, more objective decisions by assigning values to criteria.
✅ What Is a Weighted Scoring Model?
It’s a decision matrix where each criterion has a weight (importance), and each option is scored. The final score helps determine the best choice.
🛠 Step-by-Step: Build a Weighted Scoring Model
1. List Your Options and Criteria
- In column A, list the options (e.g., vendors, software, job candidates)
- In Row 1 (starting from B1), list the criteria (e.g., cost, speed, reliability)
2. Assign Weights to Each Criterion
In Row 2, below each criterion, add a weight (e.g., 0.2, 0.3, 0.5). The total of all weights should equal 1.
3. Score Each Option
In the matrix cells, assign a score for each option-criterion pair (e.g., on a scale of 1–10).
4. Calculate Weighted Scores
For each option, multiply each score by its corresponding weight and sum the total:
=SUMPRODUCT(score_range, weight_range)
5. Rank the Options
Use =RANK or sort the final scores to identify the top option.
📥 Download the Excel Template
Use this pre-built template to get started immediately with your own weighted scoring model.
📥 Download Excel Weighted Scoring Template
🚀 Final Thoughts
Whether you're choosing a supplier, evaluating a job offer, or selecting a project, a weighted scoring model in Excel brings clarity and confidence to your decision-making process.
Want a version with automated ranking or charts? Let me know!