Program and Project Governance - A Study Presented By – www.Tools4Management.com
Understanding Program and Project Governance The structure with the help of which, a manager can make effective program or project decisions is called program or project governance. You can implement it as one of the most significant project management tools and techniques and bring about alignment in the following components. The framework of the decision-making committees The people in the governance body The information used by decision-makers This alignment leads to maximum results from business investments.
Norms of Efficient Program and Project Governance Propagate single accountability point Consider organizational structure separate from project governance structure Separate project decision-making activities from project management Regard business interests as the core reason behind successful project delivery Clarify decision-making responsibilities and reasons to make decisions Develop the organizational case as the major governance manuscript
Features of Effective Governance
Document and convey decisions at the approval points Accept responsibility to follow P3 governance State roles and performance criteria for governance Allow the management board to independently inspect the programs, projects and portfolios Develop strong association between P3 and business strategy Offer training and resources to decision-makers
Features of Effective Governance Encourage honest discussion and development of P3 data Support business cases with data to enable unfailing decision-making Employ experienced people as decision-makers Promote stakeholder importance to enhance trust in the organization
With the help of one of the most essential project management tools and techniques, program and project governance, you can make useful decisions.
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