Technology
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I've worked in a couple corporations, thank you.
This has absolutely not been the case in any corporation I've worked, the PM is not allowed to make these kinds of decisions. They are made by technical or solution architects. It's also in no way a PMs job to weigh risks and uncertainties when making technical choices, since they literally can't.
You've obviously never worked in a corporation if you think a PM is allowed to make this kind of choice.
Then ask yourself: who is taking the risk? Who will get blamed, if the project fails? The architect? Or the guy who let the architect do his thing?
Obviously the architect, and consequently the project owner. The project manager has no say in these decisions, why would they get blamed? I've never seen that happen, while I've seen the PO get blamed multiple times.
I really think you've never worked in a corporation, because what you're saying just doesn't happen. The PM gets blamed if the project falls behind, but not if the technical decisions of the architect make problems. A "project manager" is not a manager in the classical sense...