Effective project governance is about making good decisions and being accountable for them.  Project governance involves:<ul><li>ensuring the project's direction is in line with the rest of the organisation</li><li>making strategic decisions</li><li>managing oversight</li></ul>

Effective project governance

<ul><li>Aligning the project's strategic direction with the organisation. Every product should move toward the organisations' goals and visions.</li><li>Finding the sweet spot of project governance case-by-case. Every project will need some governance. A quick project with a narrow scope and low risk may need less governance, while a complex and important project will need more governance.</li><li>As the timeline unfolds, it will help to make strategic decisions and manage project oversight.</li></ul>

The main purposes for project governance

<ul><li>Project initiation. Strategic decisions at the start of the project include a governance framework, establishing roles and responsibilities, and deciding on project stakeholder engagement and communication.</li><li>Planning: Assessing risk, establishing clear protocols and "rules for engagement" for problems, such as missed milestones.</li><li>Execution: First, ensure to communicate all strategic plans and decisions. As the project progresses, give regular updates and monitor for oversight.</li><li>Completion: Assess what worked, what didn't and adjust for future projects.</li></ul>

How project governance shifts through a project's lifecycle

Various people are responsible for strategic decisions, assessing the risk, reporting on progress and managing the project. <ul><li>The project owner is responsible for the direction, alignment, and overall success of the project. They are often a senior executive and accountable for the entire project lifecycle.</li><li>Project stakeholders are invested in the project outcome, such as the directors or investors.</li><li>The steering committee is responsible for oversight, risk management, quality control, and project goals.</li><li>The project manager oversees the day-to-day management of the project.</li></ul>

Establishing roles and responsibilities

A strong foundation with the right structure, people, and information-sharing can ensure that projects align with your organization and result in good decisions.

Dive into the key reasons why organizations need project governance and then uncover how to apply it effectively within your company.  

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A Project Management Team’s Guide To Successful Project Governance

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