DOI: https://doi.org/10.36719/2706-6185/57/149-153
Farid Mammadli
Baku Higher Oil School
Master's student
https://orcid.org/0009-0001-8582-1099
ferid.memmedli.2000@gamil.com
Strategic Decision-Making Under Uncertainty in Project-Based
Organizations: Theoretical and Methodological Foundations
Abstract
Strategic decision-making under uncertainty represents a fundamental managerial challenge in project-based organizations (PBOs). Unlike traditional functional organizations, PBOs operate through temporary structures and dynamic project portfolios that must respond to ambiguous, rapidly changing environments. This article synthesizes major theoretical perspectives and methodological approaches relevant to strategic decision-making under uncertainty in PBOs. Drawing on strategic management theory, behavioral decision theory, organizational adaptation, and project management literature, the paper argues that hybrid decision frameworks—combining analytical tools and adaptive learning mechanisms—are most suitable for project-intensive contexts.
Keywords: strategic decision-making, uncertainty, project-based organizations (PBOs), strategic management, behavioral decision theory, organizational adaptation