Effective Project Governance – Linking PMI’s Standards to Project Governance
"We
cannot do everything at once, but we can do something at once."
Calvin
Coolidge
Keywords: Project Governance, Project Office, Project Reporting, EPM.
Effective Project Governance – Linking PMI’s Standards to Project Governance [P051]
‘Directing change, a guide to governance of project management’, published by the Association for Project Management (UK), links the effective governance of projects into the overall governance of an organisation. [ Download a copy of the GoPM Booklet ]
GoPM defines 11 key principles of an effective governance system. A typical principle is: 'All projects have an approved plan containing authorisation points at which the business case is reviewed and approved. Decisions made at authorisation points are recorded and communicated'.
These 11 principles are supported in the GoPM document by 42 key questions focusing on four key areas:-
A typical question is: ‘Is the project portfolio consistent with the organisation’s capacity?’
The element missing from the GoPM document, addressed in this paper, is mapping the outputs from an effective project, program and portfolio management system to the key principles and understanding how processes defined in the three PMI Standards addressing project, program and portfolio management effectively answer the 42 governance questions posed in GoPM.
This paper addresses two areas; the first is mapping the processes in PMI’s standards to show how they answer the 42 questions to achieve the 11 principles and identifies a range of areas requiring improvement. It also looks at the critical role of a PMO in delivering effective project governance.
Author: Patrick Weaver
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