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Q: Explain 5 benefits of effective project governance

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Nicholas Crichton Discussion started by Nicholas Crichton 5 years ago
 

Paul,

I tried to asnwer this questions using the 'SADBET' response that you reccomended.  I thought I would quickly type it out here to see if I was on the right track. 

Your feedback would be appreciated.

Regards,

Nick

 

Q: Explain 5 benefits of effective project management governance.

 

A:

 

Strategy

Accountability

Disclosure

Business Case

Ability to Terminate

 

Effective project governance allows an effective strategy to be formed by the governors of a project.  The formation of a good strategy provides guidance, direction and gives a way to measure performance if the strategy has been met.  An example would be the governors deciding to target the building of low cost homes to maximise profits, this would be a ‘strategic’ decision which would provide benefit.

 

Governance also provides accountability to areas of the project.  Correct governance brings the benefit of proving clear lines of responsibility and ownership of project areas to determine what has worked and what is failing. An example of accountability would be accidents occurring on a construction project, the governor would provide a focal point for questions if problems had occurred.

 

Disclosure can benefit a project because the flow of accurate information is vital to the success of a project and poor disclosure can mean costly issues are not dealt with early. An example of disclosure would be a quality team leader highlighting to a governor that the products produced are leaving the factory scratched, rather than let the issue escalate, good disclosure could nip it in the bud.

 

Good governance can assist in forming or shaping the business case to maximise profit or exploit a gap in the market.  The business case may need to change and having good governance on a project can allow this change to occur,   An example of this would be a governor altering the business case to adapt to a technological innovation.

 

Finally, governance will allow a project to be able to terminate if it is no longer required or the project is operating at a loss. if no governance was present, the decision to terminate would likely be difficult to obtain. An example would be a football stadium for a club that has been relegated.  Governance could benefit this project as it could be mothballed or terminated.

Replies
Adrian Taggart
Adrian Taggart Hi Nicholas,

Can I offer the following.

It really is important that you answer the exact question. The questions asks for "benefits of...?" whereas your...
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5 years ago
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Dominic Fleming
Dominic Fleming The response to the question seems to focus on Governance of Project Mangement (GoPM) would the answer to this question relate more to the benefits... Show more 5 years ago
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Adrian Taggart
Adrian Taggart Dominic,

Interesting observation!

When sitting the APMP it is sometimes useful to recall that each question relates to just one of the 37 topics. I...
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5 years ago
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