To draw a decision tree, first pick a medium. You can draw it by hand on paper or a whiteboard, or you can use special decision tree software. In either case, here are the steps to follow: 1. Start with the main decision. Draw a small box to represent this point, then draw a line from the box to the right for each possible solution or action. How Decision Tree Software helps in enhancing Customer Experience. Brands today have detailed processes with dynamic changes to serve millennials across the globe. As a CX Head, it is important to use a decision tree software to ensure that the right information is given to customers across assisted and digital channels.
The decision making tools help you to map out all the possible alternatives to your decision, it's cost, as well as chances of success or failure. These applications provide a useful way to make the right choice by simplifying the decision making process and by drawing a diagram.
Following is a handpicked list of Top Decision Tools, with their popular features and website links. The list contains both open source(free) and commercial(paid) software.
1) SWOT Diagram
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT Diagram is an important management application that helps any organization to assess its current situation. It works as a basic guide for strategic planning.
Tool to create SWOT Diagram: Creately
Creately is an easy way to create SWOT diagrams online. This tool contains 100s of readymade SWOT analysis templates. It has a user-friendly interface that enables you to customize your diagrams. You can use this tool to collaborate around your organization strategies in real-time.
Link:https://creately.com/lp/swot-analysis-tool-online/
2) Decision Making Diagram
Decision making diagrams are graphs that enable you to map out the decision you have taken. It helps you to estimate eventual actions based on the outcomes and risks. You can use this diagram for planning team strategy.
Tool to create Decision Making Diagram: Lucidchart
Lucidchart is a tool that helps you to build decision tree diagrams. This software can be used to collaborate with your teammates in realtime. It enables you to visualize potential paths and examine outcomes. Lucidchart can simplify decision making process using technical diagrams.
Link:https://www.lucidchart.com/pages/examples/decision-tree-maker
3) Decision Matrix
A decision matrix is a technique that contains values that helps you to identify and analyze the performance of the system. The elements of a decision matrix show results depend on specific criteria.
Tool to create Decision Matrix: Mindtools
Mindtools convert your data into row and column. It represents table row as your decision and factor as a column. This tool enables you to score each option from 0 (indicate poor) to 5 (indicate very good).
Link:
4) Pareto Analysis
Pareto Analysis is a method for decision-making. It is also known as 80/20 rule meaning, 20% of your activities will account for 80% of your results. It is used for prioritizing possible changes by identifying the problems and resolve them.
Tool to create Pareto Analysis: Visual Paradigm
Visual Paradigm helps you to add or input data to your pareto chart easily. It enables you to change chart's fonts and colors without any hassle. This tool automatically generates a chart based on the data available in the Google Sheet. Visual Paradigm allows you to resize the chart to any dimension.
Link:https://online.visual-paradigm.com/diagrams/features/chart-maker/pareto-chart-maker/
5) Cause and Effect or Ishikawa Diagram
Cause and Effect or Ishikawa Diagram shows the causes of a particular event. It can be used for product design and to check its quality to identify possible factors causing an overall effect. You can group causes into categories to find sources of variation.
Tool to create Cause and Effect or Ishikawa Diagram: SmartDraw
SmartDraw is a simple tool that enables you to draw Ishikawa diagrams online or on your desktop PC. It provides support for Mac and Windows operating systems. Causes and effect diagrams are integrated automatically, and you can move or delete them quickly. SmartDraw offers numerous templates to draw Ishikawa diagrams.
Link:https://www.smartdraw.com/cause-and-effect/fishbone-diagram-maker.htm
6) Force Field Analysis
Force Field Analysis enables you to examine your project. It provides a framework for looking at the factors that influence a particular situation. This analysis helps you to understand the process of any organization in a better way.
Tool to create Force Field Analysis: SmartDraw
SmartDraw is a decision making tool that provides templates to perform force field analysis. You can use this graphical tool for making decision. This drawing tool automatically adjusts items on the drawing area. This app also helps you to import or export a force field analysis diagram from Visio.
Link:https://www.smartdraw.com/force-field-analysis/examples/model-1-force-field-analysis/
7) Strategy Map
Strategy map is a diagram that can be used to document strategic business goals. This map is created during the planning process of business. It is used as a primary material to check-in and review meetings.
Tool to create Strategy: Cascade Strategy
Cascade Strategy is a decision making tool that provides a drag and drop interface to build strategy Map. This tool supports a wide range of frameworks. It allows you to export map to the PDF file format.
Link:https://www.executestrategy.net/
8) Break-even analysis
A break-even analysis helps you to determine at what stage a new business product will be profitable. It's an economic calculation used to determine the number of products or services you need to sell to cover your costs.
Tool to create break-even analysis: Good Calculators
Good Calculators provides a calculator that enables you to calculate the break-even point. You can utilize this tool by just entering fixed and variable costs, selling price per unit, etc. It enables you to calculate it with just a single mouse click.
Link:https://goodcalculators.com/break-even-calculator/
9) Pugh Matrix
Pugh Matrix is a diagram that is used to evaluate alternative solutions for business. It helps you to determine which solutions are more valuable than the others. This method does not require a massive amount of quantitative data.
Tool to create Pugh Matrix: Psychologia
Psychologia is a tool that provides a score for every option you have entered. This app enables you to find the highest score. It helps individuals to find the importance of specific criteria over others.
Link:https://psychologia.co/pugh-matrix/
10) Ratio Analysis
Ratio analysis is a term used for comparison of items available in the financial statements of a business. It used to evaluate a number of problems with an entity, like its liquidity, efficiency of operation, and more.
Tool to create Ratio Analysis: Finstanon
Finstanon is a solution for financial analysis. It helps you to interpret profit ratio, liquid ratio, debt ratio, and more. This tool enables you to analyze more than 15 different types of metrices. Finstanon generates data in tables and diagrams.
Link:https://www.finstanon.com
At times, you might feel overwhelmed and helpless when dealing with difficult decisions. You need to evaluate every choice and understand the consequences of each possible outcome. Decision trees are used to help find the best solution. A decision tree uses a tree-like model to depict alternatives and find the best decision. In fact, it can handle categorical, numerical data, as well as multi-output problems. Therefore, we’ve listed here the best free online decision tree software to help you clarify your decisions.
Best Software to Create Decision TreesGitMind
GitMindis one of the best free mind mapping tools you can use online. This versatile program lets you create mind maps on major platforms such as Windows, Mac, and Linux. With it, you can arrange mind maps in five different layouts including tree charts. What’s more? you can easily make and configure mind maps using its set of tools featuring icons, shapes, symbols to meet any requirement.
Discover more of its features by following the steps below:
Click the above image to download and edit the template for free
Sketchboard
Another free online decision tree maker you could utilize is Sketchboard. This is an online tool that lets you create mind maps with sketches without any space limitations. One nifty feature of this app is that it allows you to mix and match your ideas with freehand drawings, notes, or shapes of your choice.
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MindMaster
MindMaster is a multi-platform mind mapping software available for Mac, Windows, and Linux devices. This decision tree’s interface connects seamlessly with Microsoft office, allowing you to navigate the app just like you normally would. Moreover, it comes with a Gantt Chart mode designed to track progress and visualize any project.
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Coggle
Creating a decision mind map tree to clarify decisions can also be done with Coggle. This is a free online decision tree maker that features real-time collaboration options to share ideas and conduct brainstorming sessions with your team. Every end-user is granted access to interact with each other by leaving notes or chatting with teammates concurrently. On top of that, there’s a version history that allows you to check the last user who edited with a time stamp.
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Canva
Canva is another web-based mind mapping tool to create a decision tree diagram. Just like GitMind, this app has a bunch of ready-made templates and lots of tools for creativity. What’s more interesting about this tool is that it enables you to infuse videos online. You can embed videos from YouTube, Twitter, TED, or insert GIFs from Giphy. Furthermore, it has a built-in photo editor that offers basic photo editing like crop and resize.
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MindMeister
Make clear decisions with this best free online decision tree maker named MindMeister. Aside from decision making, it can come in handy in other circumstances like project planning, note-taking, and brainstorming. One highlight of this app is its sleek interface. Also, it is completely web-based which makes it easier to create mind maps no matter what platform you are using.
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Best Mac Video SoftwareMindomo
Mindomo is another mind mapping software solution suitable for visual information management and decision making. The app stimulates critical thinking by allowing you to infuse connections between data. By using this tool, you can improve creativity as it enables you to access tons of clip art to make a stunning mind map. Moreover, it has a built-in presentation maker which is helpful if you want to create a simulation through mind maps.
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Conclusion
Mind maps can be very beneficial to your problem-solving and decision-making. The tree model clarifies your choices and improves your thinking. All of the tools mentioned are helpful but you should pick the app that benefits you the most.
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