A Cost Benefit Matrix is a decision-making tool used to make complex decisions by weighing the costs and benefits associated with different options. It’s an analytical approach that helps quantify the potential outcomes of a particular choice, helping you decide which option is best suited to your needs. In order to create a Cost Benefit Matrix, it’s important to identify all potential costs and benefits, assign them monetary values where possible, and then calculate the total cost for each option. By analyzing the cost and benefit results of each option, the decisions that are most beneficial to your company can be pinpointed quickly and accurately. With the Cost Benefit Matrix, smart business decisions can be made in an engaging, organized way.