Project governance refers to “the framework, functions, and processes that guide project management” (according to A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Sixth Edition.[i] This oversight function is aligned with the organization’s leadership structure and decision-making processes. The governance encompasses the entire project life cycle and defines structured roles, responsibilities and accountabilities within the project. The benefits include effective oversight and improved control, integration, and decision making. While there is no one framework that is effective in all organizations, JLL recommends that the model includes the following components:
For the purpose of this blog we will focus on the first, and arguably most important component – Leadership. We will take a deeper dive into specific roles and responsibilities of the Project Sponsor, Steering Committee and the Project Manager.
Project Sponsor
A Project Sponsor provides strategic direction and oversight to ensure cohesion between all project stakeholders. This key client role should have direct contact with the partner’s executive sponsor.
Steering Committee
A steering committee provides operational direction. This supervisory board is accountable for managing and addressing business issues, monitoring risk, quality, and project timelines. The committee should include key individuals from the client and implementation partner and should meet on a routine basis for updates from the project managers – preferably monthly.
Project Manager
A project manager provides tactical direction and executes the project in accordance with the objectives set by the project sponsor, steering committee, and project management office. Both the client and implementation partner provide a professional project manager in this capacity. PM’s are present so that projects are successfully completed.
Collectively
When effectively established and sustained throughout the project – this leadership structure is the first cornerstone installed for building out the project governance model. Do you need assistance in setting up your multi-party governance model?