Well and clearly defined governance is particularly essential in project management to ensure that it sufficiently fulfills the roles accorded to it in the government of the project. Due to the diversity and multi-faceted kinds of projects within a university, excellent governance eventually provides clarity of the purpose and the aims of each set of the project within an organization. It additionally sets the responsibilities that are to have adhered to. Good governance ensures that there is clarity over tactic control of technological projects. This can be advantageous as business values can be maximized during the process of implementation. The principles of project technology management should be incorporated in the implementation of the project management office. These principles will ensure the possibility of ensuring that the technology executives will maintain the same degree of control, responsibility, and accountability that is expected in every project. Development and understanding of government regulations ensure that there is the top management of the project.
Project management offices require a governance structure that involves the existence of responsible functions that can be used for making decisions, such as steering committees. The steering committee should be the primary governing body for all the ongoing projects. A governance structure strives to achieve strategic alignment of information technology and other management investment projects. A Decision-making framework is critical in the design of the governance of a project. It entails three pillars, namely structure, people, and information. Structure refers to the governance committee structure as well as the project board, which consists of the stakeholders as well as user groups.
The incorporation of the program board plays a vital role. In addition, the way the structure of the committee functions is a crucial issue that is heavily dependent on the people who work in different committees of the government. The selection of the committee members should be in line with the projects requiring management. This is critical as it affects other factors that are considered in the process of determining membership of the portfolio board. This consequently will determine the organizational roles that are to be represented by the committee, “the information that directs decision-makers also consists of usual reports on the project, issues arising and risks that have been incurred by the Project Manager”. Furthermore, it also contains certain vital documents that give a description of the project case.
The core governance framework needs the basis of a number of core principles to achieve affectivity. Such principles include “single point accountability”, this principle is very important for the successful development of the project. In addition, the only way to ensure that projects meet the requirements set by the clients and stakeholders when optimizing the significance of money is to allocate Project identity to the specialist that would not be a stakeholder to the project.