Importance of Good Governance
Good governance is a synonym for 'good business', structuring the organisation to deliver high levels of achievement on an ethical and sustainable basis.
Within this framework, project governance focuses on the portfolios of programs and projects used by the organisation to deliver many of its strategic objectives. – notes Lynda Bourne in a Mosaicproject's Blog.
Project governance focuses first on doing the right projects and programs constrained by the organizations capacity to undertake the work – Portfolio Management; secondly, creating the environment to do the selected projects and programs right – developing and maintaining an effective culture and capability; and lastly systems to validate the usefulness and efficiency of the ongoing work which feeds back into the selection and capability aspects of the governance framework.
Two white papers to help organisations understand these key governance processes are available:
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