Your quick how-to guide to effective project governance

Decisions, decisions, decisions.According to the Harvard Business Review, “making good decisions and making them happen quickly are the hallmarks of high-performing organizations.” The authors continue, “decisions are the coin of the realm in business. Every success, every mishap, every opportunity seized or missed is the result of a decision that someone made or failed to make.”But who ensures “good decisions” are made, and made quickly?Don’t miss more quality content! It all starts with project governance.What is project governance?“Good project governance is the secret weapon of effective project-based organizations,” say the folks at the Project Management Institute.According to A Guide to the Project Management Body of Knowledge (PMBOK® Guide), project governance is an “oversight function that is aligned with the organization’s governance model and encompasses the project life cycle.”Let’s break that down a bit.Oversight function: every project needs a project owner with some type...