Why is Project Governance so important to a business?<\/p>\n
What is Project Governance?<\/strong> However, Project Governance is defined differently across industries and enterprises. The Association of Project Management (APM) states that \u201cGovernance refers to the set of policies, regulations, functions, processes, procedures and responsibilities that define the establishment, management and control of projects, programmes and portfolios\u201d. <\/p>\n What should your governance system include?<\/strong><\/p>\n Balance – providing the right equilibrium between control and coordinating in order to allow for growth. What should you look for when searching for an effective cloud-based Governance solution?<\/strong><\/p>\n It should set out an internal and external governance framework. There should be a portfolio and program management approach to projects overseeing the initiatives of the organisation or project management stage-gate processes tackling the project itself. Why is Project Governance so important to a business? What is Project Governance? The term governance was derived from the Latin word \u201cgubernare\u201d which means to steer highlighting the dynamic mechanism in front of an everchanging environment. However, Project Governance is defined differently across industries and enterprises. The Association of Project Management (APM) states that […]<\/p>\n","protected":false},"author":6,"featured_media":9203,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[20,17],"tags":[],"yoast_head":"\n
\nThe term governance was derived from the Latin word \u201cgubernare\u201d which means to steer highlighting the dynamic mechanism in front of an everchanging environment.<\/p>\n
\nActions – appropriate insight of all the responsibilities of the business so that they can be properly carried out.
\nFlexibility – organise the enterprise to suit the current needs and then adapt and evaluate over time.
\nRewards – create the right incentives so that employees properly motivated <\/p>\n
\nThe project manager should be able to assign and allocate resources respectively to their roles and structure.
\nThe ability to engage with the stakeholders with an all-encompassing system that ease communication.
\nThe facility to add and manage risks dynamically across the project lifecycle.
\nA reporting system that has the ability to extrapolate different reports at different times in the project lifecycle including budget, risks, issues, project status and timesheets.<\/p>\n","protected":false},"excerpt":{"rendered":"