Governance and Framework

Hi Ulhas,

I don't have a governance framework that I can share for question 2. However, regarding question 1, I remember a few key differences between PMBOK 4 and PMBOK 6 that I believe it can be relevant to your governance and framework upgrade:

- Knowledge areas, I'm not sure if it was from 4 to 5 or PMBOOK6 but the knowledge areas and the process changed from 47 to 49.
- The PMBOOK 6 is the one that introduced agile.

I don't believe there is specific governance structures changes, as you mentioned, however the potential changes and highlights in pmbook 6 about agile and the need of strategic business alignment maybe supports a review of your actual governance framework.

The PMBOK Guide has evolved from the 4th to the 6th edition, bringing several changes that could impact governance frameworks. Here are some key considerations for updating governance based on PMBOK 6:

Expanded Knowledge Areas: PMBOK 6 introduces new knowledge areas and expands on existing ones, such as the addition of "Project Stakeholder Management." This requires a more comprehensive approach to stakeholder engagement and communication within the governance framework.

Agile and Hybrid Approaches: PMBOK 6 includes guidance on agile and hybrid project management approaches. Governance frameworks should be flexible enough to accommodate these methodologies, ensuring that governance processes are adaptable to different project management styles.

Emphasis on Strategic and Business Knowledge: There is a stronger focus on aligning projects with organizational strategy and business value. Governance plans should ensure that projects are not only executed efficiently but also contribute to the strategic goals of the organization.

Enhanced Risk Management: PMBOK 6 places greater emphasis on risk management, including the identification, analysis, and response to risks. Governance frameworks should incorporate robust risk management processes to ensure that potential issues are proactively managed.

Performance and Communication Management: The governance management plan should include detailed subsidiary plans for performance and communication management, ensuring that all stakeholders are informed and that project performance is monitored and reported effectively.

In summary, updating the governance framework based on PMBOK 6 involves incorporating new knowledge areas, accommodating agile and hybrid approaches, aligning projects with strategic goals, enhancing risk management processes, and ensuring effective performance and communication management. These updates will help ensure that the governance framework remains relevant and effective in managing projects within the organization.