If you're new to the world of project management, you may have come across the term "project governance" and wondered what it meant. Project governance is the framework that dictates how a project should be run and how decisions should be made. It's essentially the set of rules and procedures that everyone involved in the project agrees to follow.
In this blog post, we'll take a look at what project governance is, why it's important, and some of the key elements of effective project governance. By the end, you should have a good understanding of what project governance is and why it's essential for ensuring the successful delivery of your projects.
What is Project Governance?
Project governance is the framework that dictates how a project should be run and how decisions should be made. It's the set of rules and procedures that everyone involved in the project agrees to follow.
The purpose of project governance is to ensure that the project is completed on time, within budget, and to the required quality standards. Project governance also ensures that risks are properly managed and that stakeholders are kept informed of progress throughout the life of the project.
Why is Project Governance Important?
Project governance is important because it provides a clear structure for decision-making and accountability. Without effective project governance, it's all too easy for projects to get derailed by disagreements between stakeholders or poor communication.
Project governance also helps to ensure that everyone involved in the project understands their roles and responsibilities. This clarity of purpose can make a huge difference in the smooth running of a project and its ultimate success.
Key Elements of Effective Project Governance
There are four key elements of effective project governance:
1) A clear vision and objectives for the project: All projects must have a clear purpose or goal. Without this, it's impossible to measure success or Failure.
2) Detailed plans: Once the objectives have been established, they need to be translated into specific plans detailing how they will be achieved. These plans should be detailed enough to be understood by all stakeholders and provide a roadmap for delivery.
3) Robust processes: In order for a project to run smoothly, there must be robust processes in place for every stage of delivery. These processes must be well understood by everyone involved in the project and followed strictly.
4) Effective communication: Good communication is essential for ensuring that everyone involved in the project is aware of progress, risks, and changes. Communication must be timely, clear, and concise to avoid misunderstandings or confusion.
Project governance is an essential element of successful project management. It provides a framework for decision-making and accountability, ensures that everyone involved in the project understands their roles and responsibilities, and helps to keep communication clear and concise throughout the life of the project. By understanding what project governance is and why it's important, you'll put yourself in a much better position to successfully deliver your next project!
Blue Summit Consulting Group designs and delivers customized, world-class curriculum to businesses, government agencies, and universities. Additionally, as a Premiere Authorized Training Partner (ATP) with the Project Management Institute (PMI) we provide effective certification preparation courses. If you would like to learn more about project management, sign up for one of our classes today!