Water resources projection typically consists of several stages including emission scenarios, global circulation models (GCMs), downscaling techniques, and hydrological models, and each stage is a source of total uncertainty in water resources projection. Several studies proposed methods to quantify the relative contribution of each stage to total uncertainty, and we call such analysis uncertainty decomposition. Uncertainty decomposition enables us to investigate the stages yielding large uncertainties and to establish the uncertainty reduction plan that reflects them. Interactions between stages is one of the important issues to be considered in uncertainty decomposition. This study suggests a new uncertainty decomposition method considering interaction effect. The proposed method has an advantage of decomposing the total uncertainty to the uncertainty from each stage considering both the main and interactions effects. We apply the proposed method to streamflow projection for Chungju Dam basin. The results show that the uncertainties from the main effects are larger than the uncertainties from interaction effects in both summer and winter. Using the proposed uncertainty decomposition method, we show that the GCM stage is the largest source of the total uncertainty in summer and the downscaling technique stage is the one in winter among the following four stages: emission scenarios, GCMs, downscaling techniques, and hydrological models.