Project and program governance is a term that is used quite loosely in the project management community. There is a growing trend, that when a project fails, project governance seems to be the root cause for the unsuccessfully executed project. But what does project governance mean?
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Project governance is the management framework within which project decisions are made. Project governance is a critical element of any project, since the accountabilities and responsibilities associated with an organization’s business as usual activities are laid down in their organizational governance arrangements; seldom does an equivalent framework exist to govern the development of its capital investments (projects).
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