PROJECT GOVERNANCE PRACTICES
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Project Governance Practices: Insights and Frameworks
Understanding Agile Project Governance
Agile project governance has emerged as a critical area of study, contrasting significantly with traditional governance practices. A systematic review of agile literature has identified and categorized agile project governance practices into a six-dimensional framework. This framework highlights the unique practices in agile projects and identifies gaps in current knowledge, providing managers with actionable insights to enhance agile project performance. Additionally, the concept of "agile project governance" has been introduced, emphasizing the need for tailored governance mechanisms in agile environments, particularly in public sector projects.
Governance-as-Practice in Public Infrastructure Projects
The governance-as-practice perspective offers a nuanced understanding of project governance, especially in major public infrastructure projects. This approach focuses on the performative practices of different actors and the role of material artifacts in project governance. A study of four major public infrastructure projects in Quebec, Canada, revealed a multilevel project governing process, highlighting the translation of institutional governance frameworks into practical applications. This perspective helps in understanding and documenting governmental practices, providing deeper insights into project governance.
Project Governance Under Complexity
Project governance in complex environments requires adaptive and dynamic approaches. The literature suggests that governance regimes must evolve with the project development process, dealing with emergent complexities and changing contexts. A framework based on the progressive shaping of projects through their life cycle has been proposed to address these challenges, particularly for large complex projects. This adaptive approach is crucial for organizations managing significant numbers of large projects.
Project Governance and Organizational Strategy Implementation
Project governance plays a pivotal role in aligning projects with organizational strategic objectives. A systematic literature review has highlighted the fragmented nature of project governance literature and the lack of consensus on its fundamental elements. However, it is clear that effective project governance is essential for successful project delivery and benefits realization. A proposed typology of projects aims to link governance guidelines to specific project contexts, facilitating better strategy implementation through projects. Furthermore, a holistic approach to project governance, spanning the entire investment life cycle, has been suggested to enable strategy implementation.
Conceptual Frameworks for Project Governance
Several conceptual frameworks have been developed to enhance project governance practices. One such framework emphasizes four key elements: portfolio management, project sponsorship, Project Management Office (PMO), and project and program support. These elements are designed to align project deliverables with organizational goals, thereby optimizing project performance and value creation. Another framework integrates project management (PM) and benefits management (BM) practices, demonstrating that the combination of these practices significantly enhances project success.
Effective Project Governance and Benefits Management
Effective project governance is closely linked to benefits management and overall project success. Empirical evidence suggests that robust project governance improves project success both directly and through enhanced benefits management processes. Key practices such as developing and monitoring a high-quality project business case are identified as critical for improving project outcomes. This relationship underscores the importance of integrating governance and benefits management to realize strategic objectives through projects.
Conclusion
Project governance practices are essential for the successful delivery and strategic alignment of projects. From agile methodologies to complex public infrastructure projects, effective governance frameworks and adaptive practices are crucial. By integrating project management and benefits management, organizations can significantly enhance project success and realize their strategic goals. The evolving nature of project governance demands continuous adaptation and refinement to meet the dynamic challenges of modern project environments.
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