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Project Governance

Project governance is critical to all organizations, especially given the importance of IT infrastructure and systems to overall operational efficiency. Alongside its key disciplines of project and program management, project governance provides a framework for decision-making that is logical and robust and which governs an organization’s capital investments.

This page provides information on project governance frameworks and project management methodologies (including PRINCE2™, PMBOK®, Agile, MSP, MSF, and MoV®), and links to useful resources.

On this page:

An Introduction to Project Governance
Project Governance vs. Project Management
Project Management Methodologies
Project Management Institute and PMBOK
Project Governance and Project Management Resources

An Introduction to Project Governance

Project governance gives a structured approach to conducting everyday business as well as business change and project activity. In the modern information economy, IT-supported business project management is fundamental to the survival of an organization: a failed ICT project can place an organization at a significant strategic disadvantage.

Effective project governance enables businesses to deliver projects on time and on budget, and it allows those projects to deliver their expected value. It also enables businesses to mitigate potential risks and manage their technology investments.

Project Governance vs. Project Management

Project governance should not be confused with project management. Project governance deals with the strategic management and governance of a portfolio of projects to deliver business value. Project management manages projects on a day-to-day basis, making any decisions based on the scope given by the project board.

Project Management Methodologies

A project management methodology is a set of interrelated phases, activities, and tasks that defines a project process from inception through to completion.

Project management methodologies are usually supported by accredited examination certificates, such as the ISEB Foundation Certificate in IS Project Management.

PRINCE2™

PRINCE2™ (Projects in Controlled Environments) is the British Cabinet Office's leading IT Project Management Methodology.

Originally developed specifically for IT projects, the PRINCE2™ method takes a controlled and steady approach to project management, making it ideal for large scale projects while still being scalable to smaller ones.


To read more about PRINCE2, please visit our PRINCE2 page »

Managing Successful Programs (MSP)

Managing Successful Programs, updated in 2011, is a best practice method for program management that enables organizations to coordinate, direct, implement, and manage a portfolio of projects that deliver a desired outcome. MSP is designed to work alongside the other Project Portfolio Management ("PPM") methodologies in the Cabinet Office suite of methods.

To read more about MSP, please visit our MSP page >>

Project Management Institute and PMBOK

The Project Management Institute (PMI) published the first Project Management Body of Knowledge in 1983 as an attempt to document and standardize generally accepted project management information and practices. The current edition, A Guide to the Project Management Body of Knowledge (PMBOK Guide), Fifth Edition, was released in 2012 and it provides a basic reference for project management.

The guide recognizes five basic process groups and nine knowledge areas typical of almost all projects. The basic concepts are applicable to projects, programs, and operations. The five basic process groups are:

  • Initiating
  • Planning
  • Executing
  • Controlling and Monitoring
  • Closing

To read more about PMBOK, please visit our PMBOK page »

Agile Project Management

The Association of Project Management (APM) massively de-emphasizes the sort of project management methods described above and relies on a dramatically enhanced level of communication and pragmatic collaboration between business users and software developers throughout the development process, rather than on a prescriptive definition of the finished product. They instead favor a method called Agile.

IT Governance supplies a range of Agile books, including Agile: An Executive Guide and Agile Principles Unleashed. Visit our Web Store to see all available Agile resources.

Project Governance and Project Management Resources

IT Governance supplies a wide range of resources, including books and toolkits to help you project management and project governance projects. Visit our Web Store to see all available products.