Project governance refers to the framework of policies, procedures, and processes that are established to guide and control project management activities. Effective project governance is essential for ensuring project success, managing risk, and achieving project goals.
Effective project governance involves a number of key practices and principles, including:
In conclusion, project governance is a critical practice for ensuring project success, managing risk, and achieving project goals. By embracing key practices and principles such as defining project governance structures, establishing project policies and procedures, ensuring compliance with regulatory requirements, managing project risks, and monitoring project performance, project managers can optimize their project governance capabilities, improve project performance, and achieve their goals. With a commitment to excellence and a focus on continuous improvement, project managers can thrive in today’s complex and ever-changing business environment.