Project Governance Plans: Execution and Oversight

How to Prepare Actionable Plans for Project Governance

  • from ITtoolkit.com

The “project governance plan” is the
primary process deliverable
produced as part of the governance phase of the project
management process. Because of it’s intended purpose, the governance
plan
is certainly a high priority deliverable, essential to optimized
project execution.  In order to ensure that every plan
is fully relevant and realistic (considering project needs and
capabilities), it’s important to follow simple, but standardized
production steps.  Read on for more.

The primary objective of the documented governance plan is to specify
and approve actionable procedures as needed to manage and administer
a given project. An effective governance plan is prepared using both
procedural and documentation templates, providing consistent steps and
tools for production and processing.

The project “governance plan” serves four (4) key goals within
the project management process

  • To promote consistency, productivity and shared stakeholder
    expectations.
  • To produce quality deliverables using pre-defined practices.
  • To empower stakeholders with flexible practices, designed to
    produce quality deliverables.
  • To establish baselines for procedural reviews and governance
    “performance” evaluations.

Governance is the Key to Management Success

Project governance is made up of the practices, steps, strategies
and decisions used to direct project execution. While projects are executed
at a functional level (to produce expected business or technical outcomes),
they are also executed at a “process” level. To achieve both elements,
governance activities must incorporate at least (10) key “procedural”
elements: issues management,

change management
, resource management,
communication management, status reporting, meeting management,
risk
management
, quality control, procurement and
project closure.

Project governance is a “people and purpose�? driven process. Projects
are governed by people, with delegated authority and responsibility
to carry out specific steps and make related decisions in accordance
with business needs and established standards. As part of “cost effective”
management practices, governance scope must be adapted and optimized
to suit the needs of individual projects.

Project size and scope determines
governance size and scope. Smaller, less complex projects will likely
require “less�? governance than other projects of a larger scope and
greater complexity. These variations are the driving force behind the
concept of project fast tracking. As part of the
fast track management
process
, governance practices must be crafted and applied in a manner
reflective of project needs and surrounding constraints.


Learn to Fast Track

When it comes to managing, you need more than one approach
to be consistently successful. The way you manage when surrounding conditions are good, is not
the way you manage when time is running short, resources are stretched thin and people aren’t
working together. That’s what fast tracking is for – and we can teach you how it’s done.
Learn More


It’s the Deliverables that Make Governance Happen

The “Governance Plan” is the primary deliverable of the governance
process, providing a roadmap for how a given project is to be managed.
These plans should be standardized to save time, but also readily adaptable
to the needs of the project at hand. Once the plan is produced, it becomes
the authoritative “go-to�? guide for running the subject project. As
such, “plan” content must answer the following questions:

  • What are the key governance goals and objectives for the current
    project?
  • What are the expected governance results and anticipated benefits?
  • Who are the governance stakeholders and what are their respective
    roles and responsibilities?
  • What are the established governance procedures to be followed
    and used (considering all the various governance practices listed
    above)?
  • Why is each procedure necessary and how will each contribute
    to project success?
  • How will the governance plan be maintained and updated as the
    project proceeds?

In order to meet these requirements, governance plan deliverables
must be produced using standardized formats – to save time and provide
an appropriate framework for “plan” production (while also allowing
sufficient flexibility to meet varying project needs). As such, standardized
plan formats should be made a integral part of any and all adopted project
management practices.

Tips and Techniques for Governance Plan Production

  1. Be Nimble and Flexible. Governance plan formats
    must be sufficiently flexible to account for varying
    project sizes (i.e.
    smaller, less complex projects may not require the same extensive governance
    planning as large, complex projects.)
  2. Ensure Clean and Concise Consistency. Governance
    plan formats must provide a clean, concise layout to ensure that all
    key governance variables are presented, including resource management,
    project communication, project administration, procurement, financial
    management, and related matters.
  3. Explain and Justify. Governance plan contents
    must specify planned procedures and provide explanatory justifications
    for each in terms of inclusions and exclusions.
  4. Accept and Approve. Governance plan formats must
    provide the means to obtain and record related approvals, ensuring appropriate
    stakeholder acceptance and buy-in.

Stick to “Define, Align and Approve” for Actionable Results

The “governance planning�? deliverable should be produced according
to the “define-align-approve” management technique, designed to ensure
actionable content, alignment with needs and capabilities and tangible
stakeholder approval. Furthermore, the governance plan workflow should
be executed in standardized phases, designed to ensure that all key
planning, preparation, production and processing needs are addressed.


CHECK OUT THE FAST TRACK PROJECT TOOLKIT.

If you’re looking for a fast, easy way to achieve project planning success, you’ll find it inside
the Fast Track Project Toolkit. This unique, informative online course gives you everything you need to become
a project leader and fast tracking expert. Here’s what you’ll learn:

  • How to plan and govern projects using strategic project fast tracking.

  • How to use strategic project fast tracking to save time and make the most of available resources.

  • How to use strategic fast tracking to overcome project constraints and limitations.

  • How to use strategic fast tracking to negotiate with stakeholders and build shared expectations.

  • How to use strategic fast tracking to become a more productive project manager and team member.

Source: Unless noted otherwise, all content is created by and/or for ITtoolkit.com


About Us

ITtoolkit.com staff writers have experience working for some of the largest corporations, in various positions including marketing,
systems engineering, help desk support, web and application development, and IT management.

ITtoolkit.com is part of Right Track Associates, proprietors and publishers of multiple web sites including ITtoolkit.com, Fast Track Manage, HOA Board List and more.
We started ITtoolkit.com in 2001 and have continued to grow our web site portfolio, Toolkit products, and related data services.
To learn more, visit us at Right Track Associates.

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