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Project Governance: Evolution, Not Revolution
Today’s leaders are taking their participation in the project governance movement beyond the approval of a PMO charter. These individuals are taking an active seat in the vision and execution of project-related improvement initiatives to ensure the alignment, viability and sustainability of the entire effort.
Executives today cannot escape the ubiquitous message that reliable practices in project management have become a necessity and no longer a luxury. Many factors contribute to this state, including such drivers as increased competition from the global marketplace, regulatory scrutiny, expedited innovation cycles, and more demanding consumers. Many organizations now manage their business through projects, leveraging sound project management practices for competitive advantage. In fact, many organizations are protective of their project management practices, often housed in a PMO (Project Management Office), and treat this knowledge as intellectual property. The project mindset has come to permeate all aspects business, generating increased efficiency and effectiveness in cross-functional initiatives.
Despite all the benefits of elevating project management maturity, leaders are faced with a challenging dilemma. How do you maintain the balance between customer satisfaction and project controls? How do you impose just enough process without risking innovation and …
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"Ambition is like a frog sitting on a Venus Flytrap. The flytrap can bite and bite, but it won't bother the frog because it only has little tiny plant teeth. But some other stuff could happen and it could be like ambition." - Jack Handey |