Highlights
Project governance is critical to the success of a project. Project governance entails all the key elements that make a project successful.
The Project Governance Report is a vital communication tool that is used as the basis for ensuring that the project board and other main project stakeholders are provided with timely, relevant and reliable project information. Governance report provides a framework whereby issue can be reported and decisions made in a transparently accountable manner.
Kerzner (2017) states that governance relates to decisions that define expectations, accountability, responsibility, the granting of power, or verification of performance. Governance relates to consistent management, cohesive policies, and processes and decision-making rights for a given area of responsibility. Governance enables efficient and effective decision-making to take place.
The PMBOK (2017) discusses project governance and advises that it is a framework that provides the project manager and team with structure, processes, decision-making models and tools for managing the project while supporting and controlling the project for successful delivery.
1. GOVERNANCE FRAMEWORK:
The PMBOK (2017) states that project governance is a framework that provides the project manager and team with structure, processes, decision-making models and tools for managing the project while supporting and controlling the project for successful delivery. Kerzner (2017) states that governance relates to decisions that define expectations, accountability, responsibility, the granting of power, or verification of performance. PRINCE2 states that disciplined governance supported by appropriate methods and controls should be applied throughout the project lifecycle.
Q. Please explain the importance of the Governance Framework for the successful completion of a project.
2. Overall Project Responsibility:
PRINCE2 states that the project board should have the overall responsibility for the governance of project management. The PMBOK requests information about project success and deliverable acceptance criteria.
Q. Please describe the roles and responsibilities of the following project board members in a tabular format in the context of the case study provided:
Project Sponsor, Project Executive, Senior User, Senior Supplier, Project Manager
3. Status Reporting:
PRINCE2 states that there should be clearly defined criteria for reporting project status, and for the escalation of risks and issues to the levels required by the organization. The PMBOK requests to know the process for stage gate and phase reviews, as well as the processes and procedures for the communication of information.
Q. Please list two functions for each of the following reports in a tabular format in the context of the case study provided:
Checkpoint Report, Change Requests Report, Exception Report, Risks Report, Stage Gate Report
4. Stakeholder Engagement:
PRINCE2 states that project stakeholders should be engaged at a level that is commensurate with their importance to the organization, and in a manner that fosters trust. The PMBOK requests what are the processes to align internal stakeholders with project process requirements.
Q. Please list five key stakeholders in the stakeholders register in a tabular format in the context of the case study provided.
Stakeholders register should contain the following information for each stakeholder:
• Stakeholder’s position
• Stakeholder’s authority
• Stakeholder’s interest
• Stakeholder’s level of involvement
• Stakeholder’s expectations
• What the stakeholder’s influence
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