Different principles of decision making in project management are as follows:

Different principles of decision making in project management are as follows:

• Analysis of the Objectives and Policies of project: It is important to analyse objectives and policies of the project. Objectives and policies guide into a proper decision making. Hence the objective of the project should be clear at the very beginning of project.

• Organisational Structure: Organizational Structure plays a very important role in its decision-making strategies. If organisational structure is rigid and highly centralised, decision-making authority will remain confined to the top management level which may ultimately result in delayed and confused decision and create suspicion among the employees. Whereas, If the organisational structure provides scope for adequate delegation and decentralisation of authority, decision-making will be flexible and the decision-making authority will be close to the operating centres. In such situation, decision-making will be prompt and expected to be more effective and acceptable.

• Proper Communication System: Proper communication is most necessity for the decision making. Communication plays a very important role in the effective working of an project. Proper communication of information helps in making decisions that are beneficial for the project completion.

• Proper Analytical Study of the Alternatives: Analytical study of all possible alternatives of a problem with their merits and demerits is essential for decision-making. Project manager must study in detail all the advantages and disadvantages of all the choices available. This analysis can involve a single step or multiple steps.

• Sufficient Time: To take a effective decision sufficient time is necessary. Having some extra time can be helpful to think over various ideas and possibilities of a problem for the purpose of identifying and evaluating it properly. But the decision should not be delayed with time rather it should be completed on schedule.

• Participation by the Decision-maker: The duty of the decision maker is not only to just observe others but participate in completing the work for which decision was taken by him. The principle of participation in work of the decision-maker will enable him to understand whether the decision taken is practical and also guide him in forthcoming decisional matters.

• Considering the Chain of Actions: In any project there is a chain relationship in all the activities related to project. Any decision to change a particular work in a project brings change in other related works. Therefore it is very important to consider the chain relation between various activities of a project.