Tips to Plan and Manage Your Project Governance

Tips to Plan and Manage Your Project Governance

Project governance is often overlooked in many organizations. It plays an essential role in efficiently managing and executing hierarchical processes and operations. There are times when projects fall apart due to communication issues between team members and business divisions. Businesses must acknowledge the significance of governance and put it to use for better project management. In one of their recent articles, PM Illustrated shares how you can improve your project compliance that will directly enhance your governance strategies.

Tips to Manage Project Governance Efficiently

Be Mindful of Project Requirements

Ensure that your project has access to required project elements. You can later convert them to WBS work packages that can help you track project metrics and product backlogs.  

Classify Project Categories

Classifying categories can help you specify project needs. Your governance methods should focus on safety, legal, and regulatory constraints.

Keep an Eye on Potential Project Threats

Project governance is prone to several threats that you should familiarize your workforce with. Here is a list of threats that you should be aware of:

  1. Product defects
  2. Testing errors
  3. Regulatory or legal changes
  4. Lack of awareness
  5. Unknown threats

Look for Methods to Support Project Governance

Acknowledging project threats is the first step toward enhancing your compliance. However, it is more important to resolve the project threats effectively. Here is the list of methods that you should keep in mind while resolving project threats:

  1. Keep a record of work performance reports
  2. Keep track of tools and information procedures
  3. Test and verify project components
  4. Conduct project audits regularly
  5. Familiarize yourself with control limits
  6. Confirm project approvals

Be Aware of the Consequences of Noncompliance

Here is a list of regulatory compliance requirements that you should manage:

  1. List
  2. Definitions
  3. Business rules
  4. Methods
  5. Processes

Address Governance Methods

Here is a list of methods that you should address for project betterment:

  1. Establishing a quality management plan
  2. Formulating tolerances
  3. Confirming QA processes
  4. Controlling QA tools and techniques

Measure the Extent of Project Governance

Make sure you know the extent to which your project requires compliance. You can do so by executing a quality management plan using tolerances, QA tools, etc.

Click on the link to read the original article:

Back to blog