Ultimately everything gets decided by the director. Assuming that the director is wise enough to make those decisions as per the budget. Now thats his job!! to make the best and feasible decisions for making the vision most beautiful and creative as possible. If he lacks knowledge on VFX technologies he can appoint a VFX creative director.
The VFX creative director is a position common in films, television
programs, and computer games using a large amount of visual effects.
For movies which are fully or partly computer generated, a VFX
creative director works closely with the director. On smaller
VFX-intensive productions such as music videos or some television
commercials, a VFX creative director may also assume the
responsibilities of the director. They are charged with making
creative and aesthetic choices for visual effects. Although the role
is generally more creative in nature, most VFX creative directors have
a technical background and may exert a strong practical hand in
production.
Responsibilities
The responsibilities of a VFX creative director are very much like
those of an art director, production designer, or chief creative
officer, though with a particular focus on the computer-generated
imagery of their projects. They are primarily responsible for
directing and supervising the creative and technical execution of
visual effects sequences, from concept to completion, including:
Set extensions and matte painting
Bluescreening
Digital animation
Digital effects
Compositing
The VFX creative director may delegate responsibilities to visual
effects supervisors, visual effects editors, film compositors,
rotoscope artists, matte painters, and 3D animators.
VFX creative directors may therefore have input on various aspects of
production, including:
Story development and storyboarding
Blocking, staging, locations
Advising the director on actor movement
Cinematography
Costume, makeup, and props, particularly when there are special effects considerations
courtesy: Wikipedia