Project Governance is the processes and frameworks employed to oversee, guide, control, and oversee an entire project.
Effective governance helps ensure that the project’s objectives are aligned with corporate goals, while also providing decision-making power and accountability.
Governance that is effective ensures projects adhere to scope limits and meet budget, performance, and schedule expectations.
Project governance is crucial as it ensures projects are in line with organizational goals, prevents project failures, and brings value to the organization.