The Three Pillars of Project Governance
Here are the three pillars of Project Governance:
Three Pillars of Project Governance
Structure
The project must be supported by the environment and structure of the organisation. This indicates that upper management is prepared to devote time and effort to creating a vision that project managers may pursue. The organisation as a whole is described in the “structure” portion of project governance, in addition to the current project team.
People
The secret to any project is to invest in capable project managers. Senior management must first comprehend their present operations, though. Project governance can use this information to determine what each PM should aim to accomplish. These objectives must be distinct, attainable, and long-term.
Information
Although understanding people is important, the process is even more crucial. Every project that lacks clear and consistent information exchange will suffer, regardless of how many goals are stated or what the vision is.
What does Project Governance really mean?
Governance of the project gives the framework of the methodology of project management where decisions are taken, accountability is ensured, and transparency is maintained throughout the project. Project governance refers to the set of rules, processes, and structures put in place to ensure that projects are effectively managed and controlled within an organization. It involves defining roles and responsibilities, establishing decision-making mechanisms, and implementing oversight and accountability measures to ensure that projects align with organizational objectives, meet quality standards, and deliver value to stakeholders.
In this article, we will learn about Project Governance in detail.
Table of Content
- What Is Project Governance?
- The Three Pillars of Project Governance
- Why Is Project Governance Important?
- Project Governance Roles
- Components of Project Governance
- Significance of Project Governance
- Conclusion
- Project Governance: FAQs
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