Project Governance is the set of rules, policies, and procedures that are put in place to help people make decisions and run a project. It makes sure that the project is in line with the overall strategy and goals of the organisation and that it is managed well.
The most important parts of project management are:
Roles and Responsibilities: Clearly defining the roles and responsibilities of the project stakeholders, such as the project sponsor, project manager, team members, and other key stakeholders.
Project Charter: Making a project charter that describes the goals, scope, stakeholders, resources, and limits of the project. The charter tells you exactly what the project is and what you can expect it to do.
Project Management Processes: Setting up the project management processes and tools that will be used to run the project, such as project planning, risk management, change management, and quality management.
Setting up a framework for making decisions that describes how decisions will be made, who will make them, and how they will be shared.
Monitoring and Reporting: Setting up a system for tracking and reporting on the project’s progress, including performance metrics, risks, issues, and changes.
Stakeholder engagement is the process of making sure that stakeholders are involved and kept informed throughout the lifecycle of a project. This is done through communication plans, stakeholder analysis, and activities that involve stakeholders.
For projects to be completed successfully and for the organization’s strategic goals to be met, there must be good project governance. It gives a plan for managing project risks, making sure people are held accountable, and improving project results.
Usage
It is used in the following Project planning.
