Elements
Project governance will:
- Outline the relationships between all internal and external groups involved in the project
- Describe the proper flow of information regarding the project to all stakeholders
- Ensure the appropriate review of issues encountered within each project
- Ensure that required approvals and direction for the project is obtained at each appropriate stage of the project.
Important specific elements of good project governance include:
- A compelling business case, stating the objects of the project and specifying the in-scope and out-of-scope aspects
- A mechanism to assess the compliance of the completed project to its original objectives
- Identifying all stakeholders with an interest in the project
- A defined method of communication to each stakeholder
- A set of business-level requirements as agreed by all stakeholders
- An agreed specification for the project deliverables
- The appointment of a project manager
- Clear assignment of project roles and responsibilities
- A current, published project plan that spans all project stages from project initiation through development to the transition to operations.
- A system of accurate upward status- and progress-reporting including time records.
- A central document repository for the project
- A centrally-held glossary of project terms
- A process for the management and resolution of issues that arise during the project
- A process for the recording and communication of risks identified during the project
- A standard for quality review of the key governance documents and of the project deliverables.
Read more about this topic: Project Governance
Famous quotes containing the word elements:
“The Laws of Nature are just, but terrible. There is no weak mercy in them. Cause and consequence are inseparable and inevitable. The elements have no forbearance. The fire burns, the water drowns, the air consumes, the earth buries. And perhaps it would be well for our race if the punishment of crimes against the Laws of Man were as inevitable as the punishment of crimes against the Laws of Nature—were Man as unerring in his judgments as Nature.”
—Henry Wadsworth Longfellow (1807–1882)
“A party of order or stability, and a party of progress or reform, are both necessary elements of a healthy state of political life.”
—John Stuart Mill (1806–1873)
“The elements of success in this business do not differ from the elements of success in any other. Competition is keen and bitter. Advertising is as large an element as in any other business, and since the usual avenues of successful exploitation are closed to the profession, the adage that the best advertisement is a pleased customer is doubly true for this business.”
—Madeleine [Blair], U.S. prostitute and “madam.” Madeleine, ch. 5 (1919)