What is Multicriteria Decision Analysis?

In project management, Multi Criteria Decision Analysis is akin to developing a checklist when deciding where to go on vacation by applying a score system. It is a strategy that entails listing several possibilities, establishing criteria to assess these options (such as cost, location, and facilities for holiday destinations), and then awarding scores to each option depending on how well they satisfy each criterion. By assigning a grade to each component, you may compare and assess different options more objectively, allowing you to select the option that best meets your goals or wants. It’s similar to compiling a pros-and-cons list for each option and then adding up the points to determine the greatest overall pick.