The Framework of Project Governance

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. The three pillars of project governance, structure, people, and information, are the defining factors of the organizational control and support the five core principles of project governance.