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Big Sam gained Wanderers nine points from a possible twelve during the last month in which their only defeat came at the start of January against local rivals Manchester United, added to this was the fact that he took Bolton to their first major final in nine years having overcome Aston Villa 5-4 on aggregate at the Semi-Final stages.
The Trotters boss previously won the award back in November for a similar run of results and the fact that the unfashionable Whites sit in 8th place in the league and in a cup final has played a huge part on the decision of the panel.
Arsenal's Thierry Henry scooped the Player of the Month prize.