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Master Decision Making Process for The Project Management

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Master Decision
Making Process for
The Project
Management
Decision-making ability is
utilized for making a
business decision and
evaluating the presented
solutions for the
management of the
assigned project. It is
used to mitigate the risk
and give effective
decision making techniques
are exercised in a company
for receiving the profitable
outcome. For this, the
project manager focus on a
few things for making right
decision.
Following
guidelines can help you to
know the decision-making
process in a company.
Select a team: recruit those
candidates who have
required skills to fulfil the
requirement of the company.
Experience in a certain field
can allow on to meet the
objective of the company.
Budget: The entire project
is analysed and specific
time is considered for
expanding the business
and estimated cost of the
manufactured product is
taken into consideration
and various other factors
are examined for meeting
the demands of the
projects.
Managing risks:
risk is
associated with every project
but finding the alternative way
to resolve the problem and
minimize the risk and propose
corrective
measures
and
implement this for improving
Techniques: SWOT (strength, weakness, opportunity and
threats) can be analysed well for finding the best way to
make decisions. And add value to the project. Several other
matrix are concerned such as, Maslow’s pyramid and Pareto
principle to deal with the common problem and complete
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