Project Governance Essay

1189 Words Apr 11th, 2011 5 Pages
Project governance is the management framework within which project decisions are made. Project governance is a critical element of any project since while the accountabilities and responsibilities associated with an organisation’s business as usual activities are laid down in their organisational governance arrangements, seldom does an equivalent framework exist to govern the development of project’s capital investments ( Sharma, Stone and Ekinci 2009 ). Project Governance extends the principle of Governance into both the management of individual projects via Governance structures, and the management of projects at the business level, for example via Business Reviews of Projects. Today, many organisations are developing models for …show more content…
3. Information: This concerns the information that informs decision makers and consists of regular reports on the project, issues and risks that have been escalated by the Project Manager and certain key documents that describe the project, foremost of which is the business case.

Project governance frameworks should be based around a number of core principles in order to ensure their effectiveness. Garland (2009) says, there are four important principles that derive the project governance structure:

1. Principle 1- Ensure a single point of accountability for the success of the project: The most fundamental project accountability is accountability for the success of the project. A project without a clear understanding of who assumes accountability for its success has no clear leadership. With no clear accountability for project success, there is no one person driving the solution of the difficult issues that beset all projects at some point in their life.

2. Principle 2 - Service delivery ownership determines project ownership: Organisations deliver services and utilise assets as platforms for the delivery of these services. It is therefore critical that the assets delivered by the project meet the service delivery needs of the organisation. If the project outputs do not support service delivery

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