Project Governance
Manage project governance
Project Governance is a framework that defines the management structure, policies, procedures, and decision-making processes for projects within an organization. It establishes clear roles, responsibilities, and authorities to ensure projects align with organizational strategy and deliver expected benefits. Effective Project Governance provides oversight and strategic direction to project teams. It creates accountability by clearly defining who makes decisions, who approves changes, and who is responsible for project outcomes. This clarity helps teams navigate complex situations and resolve issues efficiently. Key components of Project Governance include: 1. A governance board or steering committee that oversees project progress 2. Defined escalation paths for issues and decisions 3. Policies for risk management and quality control 4. Change control processes 5. Resource allocation frameworks 6. Performance measurement standards Project Governance differs from day-to-day project management. While project managers focus on delivering specific deliverables according to schedule and budget, governance bodies concentrate on strategic alignment, organizational value, and portfolio-level considerations. Implementing robust Project Governance helps organizations: - Maintain alignment between projects and strategic objectives - Improve decision-making transparency - Enhance stakeholder confidence - Increase project success rates - Optimize resource allocation across the portfolio - Standardize project practices - Enable consistent reporting and oversight On the PMP exam, Project Governance questions often focus on escalation paths, decision authority, and how governance structures support project success through appropriate controls and oversight. Understanding governance frameworks helps project managers operate effectively within organizational constraints while maintaining appropriate autonomy to deliver results.
Project Governance is a framework that defines the management structure, policies, procedures, and decision-making processes for projects within an organization. It establishes clear roles, responsib…
Concepts covered: Decision-Making Process, Project Scope Management, Project Change Control, Project Resource Management, Project Integration Management, Project Governance Framework, Project Quality Management, Project Management Processes, Performance Measurement and Monitoring, Risk Management, Project Communications Management
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