Quick Definition:
Project Governance is the framework, functions, and processes that guide project management activities in order to create a unique product, service, or result to meet organizational, strategic, and operational goals.
Key Components of Governance
- Decision-Making Framework: Clearly defined roles and responsibilities for making project decisions.
- Oversight: Regular reviews and audits to ensure the project is on track.
- Accountability: Ensuring that individuals are held responsible for their project contributions.
- Strategic Alignment: Verifying the project continues to support the organization’s goals.
The Steering Committee
A steering committee, composed of high-level stakeholders, often provides the ultimate governance for major projects.
