The Framework of Project Governance
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==Abstract== | ==Abstract== | ||
| − | Establishing project governance for all projects is an essential element in defining responsibilities and accountabilities in organizational administration. Project governance provides a framework for consistent, robust and repeatable decision making which is the governing factor of corporate capital investments. Hence, this offers a structured approach towards assuring businesses to conduct project and "business as usual" activities, as well as organizational changes. <ref name="TTP"/> The | + | Establishing project governance for all projects is an essential element in defining responsibilities and accountabilities in organizational administration. Project governance provides a framework for consistent, robust and repeatable decision making which is the governing factor of corporate capital investments. Hence, this offers a structured approach towards assuring businesses to conduct project and "business as usual" activities, as well as organizational changes. <ref name="TTP"/> According to the research article "Project Governance – The Definition and Leadership Dilemma"; a majority of authors on project governance have a background in project management, where they attempt to create the project governance framework through a bottom-up approach. However, the bottom-up strategy has its limitations when providing concise guidance to managers when executing and enforcing project governance, due to a variety of projects in the industry, range of stakeholder interest, different values and types, and complexity spectrum. |
| − | == | + | ==Big Idea== |
===Three Pillars of Project Governance=== | ===Three Pillars of Project Governance=== | ||
Revision as of 13:36, 12 February 2018
Contents |
Abstract
Establishing project governance for all projects is an essential element in defining responsibilities and accountabilities in organizational administration. Project governance provides a framework for consistent, robust and repeatable decision making which is the governing factor of corporate capital investments. Hence, this offers a structured approach towards assuring businesses to conduct project and "business as usual" activities, as well as organizational changes. [1] According to the research article "Project Governance – The Definition and Leadership Dilemma"; a majority of authors on project governance have a background in project management, where they attempt to create the project governance framework through a bottom-up approach. However, the bottom-up strategy has its limitations when providing concise guidance to managers when executing and enforcing project governance, due to a variety of projects in the industry, range of stakeholder interest, different values and types, and complexity spectrum.
Big Idea
Three Pillars of Project Governance
Application
Core Principles
Limitations
Reference
- ↑ Trans Tech Publications. (2014). Pillars and Principles of the Project Governance. https://www-scientific-net.proxy.findit.dtu.dk/AMR.361-363.1638.pdf
