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• Project Governance
https://store.theartofservice.com/the-project-governance-toolkit.html
Project governance
1 But unless an organization has specifically developed a project
governance policy, no such chart is likely to exist for project
development activity.
https://store.theartofservice.com/the-project-governance-toolkit.html
Project governance
1 Therefore, the role of project governance is to provide a decision making framework that is logical,
robust and repeatable to govern an organization’s capital investments. In this way, an organization will have a structured approach to conducting both its business as usual activities and its business change, or project,
activities.https://store.theartofservice.com/the-project-governance-toolkit.html
Project governance Core project governance principles
1 Project governance frameworks should be based around a number of
core principles in order to ensure their effectiveness.
https://store.theartofservice.com/the-project-governance-toolkit.html
Project governance Principle 1: Ensure a single point of accountability for the success of the project
1 The concept of a single point of accountability is the first principle of
effective project governance.
https://store.theartofservice.com/the-project-governance-toolkit.html
Project governance Principle 2: Project ownership independent of Asset ownership, Service ownership or other stakeholder group
1 The only proven mechanism for ensuring projects meet customer and stakeholder needs, while optimising
value for money, is to allocate Project ownership to specialist party, that
otherwise would not be a stakeholder to the project. This is principle No. 2
of project governance.
https://store.theartofservice.com/the-project-governance-toolkit.html
Project governance Principle 2: Project ownership independent of Asset ownership, Service ownership or other stakeholder group
1 These parameters are commonly detailed in a Project Governance Plan which remains in place for the life of
the project (and is distinct from a Project Management Plan which is more detailed and only comes into
existence during the development of the project).
https://store.theartofservice.com/the-project-governance-toolkit.html
Project governance Principle 2: Project ownership independent of Asset ownership, Service ownership or other stakeholder group
1 Projects have many stakeholders and an effective project governance
framework must address their needs. The next principle deals with the
manner in which this should occur.
https://store.theartofservice.com/the-project-governance-toolkit.html
Project governance Principle 3: Ensure separation of stakeholder management and project decision making activities
1 There is no question that both activities, project decision making and stakeholder management, are essential to the success of the project. The
issue is that they are two separate activities and need to be treated as such. This is the third
principle of effective project governance. If this separation can be achieved, it will avoid clogging the decision making forum with
numerous stakeholders by constraining its membership to only those select stakeholders
absolutely central to its success.
https://store.theartofservice.com/the-project-governance-toolkit.html
Project governance Principle 4: Ensure separation of project governance and organisational governance structures
1 Project governance structures overcome this by drawing the key
decision makers out of the organisation structure and placing
them in a forum thereby avoiding the serial decision making process
associated with hierarchies.
https://store.theartofservice.com/the-project-governance-toolkit.html
Project governance Principle 4: Ensure separation of project governance and organisational governance structures
1 This is the final principle of effective project
governance.
https://store.theartofservice.com/the-project-governance-toolkit.html
Project governance Elements
1 Important specific elements of good project
governance include:
https://store.theartofservice.com/the-project-governance-toolkit.html
For More Information, Visit:
• https://store.theartofservice.com/the-project-governance-toolkit.html
The Art of Servicehttps://store.theartofservice.com