Applying a Life Cycle Framework to Implementing a Governance Model

  Governance   Organizational Project Management   PMO   Portfolio Management   Knowledge Shelf  

Executive Summary
Governance implementation is a unique endeavor, which must be properly understood, planned, and accepted by the entire performing organization in order to be deemed successful.

Sponsorship and adherence to the designed processes that drive governance will assure that the appropriate structure is in place to support enhanced decision making, issue, risk, and corrective action resolution, along with escalation management.

Establishing structured communications will maintain linkages throughout the levels of governance and assure that the organizational strategy, mission, vision, and desired outcomes are maintained and aligned. This alignment can provide assurance to the organization, knowing that the outcomes of the performing initiatives are meeting its goals, as the predefined process provides the proper oversight to the responsible individuals. When governance is working correctly, the organization will be performing at an optimal point.

Maintaining strategic linkages through structured reporting and analysis of the portfolio-assigned projects and programs assures continuity and relevance to the organizational strategy. Assurance checks built into the governance model via process, policy, and procedures, assures the performing teams that the portfolio requirements either have or have not changed. Even though we are ultimately focused on …

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