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. 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.