a. What is project governance?
Governance refers to the set of policies, regulations, functions, processes, procedures and responsibilities that define the establishment, management and control of projects, programmes and portfolios. APM Body of Knowledge, 6th Edition
Typically flows from organisational governance and be led by a project sponsor who should:
- Be a senior executive
- Provide leadership and direction
- Have gravitas
- Empower and support the project manager and get ‘buy-in’ from stakeholders
Provides a framework to ensure that a project aligns with a chosen business strategy while ensuring that the time, money, and resources provide real value to the organisation.
Projects governance must define:
- Structure
- Authorization
- Oversight and Accountability
- Decision Making
- Resources
