Important tools for effective project governance

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Reference no: EM133774848

Question

Despite their differences, both a methodology and a framework are important tools for effective project governance. Kernzer (2023) states that governance "relates to decisions that define expectations, accountability, responsibility, the granting of power, or the verifying of performance" (p. 19). An effective methodology or framework lays out policies or guidelines that typically document (or contains a template to fill out with the information) who is responsible for what activity, the scope of the project or project task, risk factors and mitigation strategies, and other key information for stakeholders to know. Having a proper methodology and/or framework in place and being transparent with clients and stakeholders about these policies and processes provides accountability, responsibility, and sets the expectations for the project.

Reference no: EM133774848

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