METHODS, MODELS AND TECHNIQUES FOR DECISION MAKING IN PROJECTS WITH SPECIAL EMPHASIS ON THE BANKING SECTOR

Abstract

The motivation for this paper is presented by the importance which is given to the project management process or the overall management of the projects as a manner of keeping the enterprise on the desired path to success on one hand, and the decision-making related to the development and implementation of projects on the other; and the lack of extensive and rich literature that pays enough attention to these two processes as a unity, which is necessary to perform the job successfully and according to the plans of the organization. The management of projects would not give the desired results if it is not guided by the decision-making process. This paper will cover all methodologies used for decision-making in the process of project management at a major bank in the Republic of Macedonia. The findings on the functioning of this process are obtained through analysis and research work of the department which is responsible for the management and implementation of all projects. The analysis is conducted prior to the commencement and during the project that the project team is working on, that is the migration to the new system R15.