Project Governance Master class

What is Project Governance?

More projects fail due to poor project governance than poor project management.

Yet, when we surveyed Project Governance competency in one major organization, of the 110 executives we asked if they really knew what they were doing in their project governance role, 101 said, "No". Of the remaining seven who said "Yes," only 2 of these actually did know what they were doing and understood the role correctly.

Project Governance is neither operational management nor project management. It is a specific competency and set of skills that must be learned, understood, and applied—knowledge that we provide you in this Master Class.

Why take this Masterclass

Your project's success depends on your project governance knowledge and expertise.

Yet, most executives governing projects cannot define what project governance is and too often approach it from the wrong operational management or project perspectives. They don’t really understand what they are accountable for, as they are neither trained nor knowledgeable.

Project governance is knowledge and a skill-set that needs to be learned. The key is understanding that as a Sponsor or Steering Committee member, you are accountable to the organization for delivering the business value from your project investment.

Just this one insight changes so much of what Sponsors and Steering Committees do (or should be doing). For example, 'cost control' no longer focuses on 'coming in on budget'; rather, it is managed tightly because it is a key determinant of the net value delivered.

This masterclass will show you what to do, when, why, and how. It gives you - not theory, rather proven, practical guidance. We explain Project Governance clearly and detail the governance team's role so that every executive can quickly become highly effective in their role to ensure their project delivers the business value intended.

Learning Outcomes

On completion of this masterclass, you will:

Understand the key differences between Project Governance compared to operational management and project management.
Understand the Project Governance roles and responsibilities and be able to apply these to your own project.
Understand the three stages of Project Governance.
Be able to apply key Project Governance skills.

Masterclass Content

Governance 101

Overview of course
The art of project governance
What is project governance?

Governance Roles

Project Sponsor
Project Steering Committee

Governance Stages

Pre-business case
Business case
Value Delivery

Governance Skills

Why is project governance important
Being effective
Defining the value
Governing resources
Governing planning
Governing controls
Governing change
Governing progress tracking and reporting
Measuring success
Implementing the project
Closing the project

Project Governance Master Class clip