What Is Corporate Governance & How Can it Impact My Project?

ProjectManager.com

While making money is the overriding mandate of any for-profit enterprise, each individual organization is governed by its own set of standards and practices. Those standards and practices are called corporate governance, and they are going to influence your project. All these factors are counted and calculated into corporate governance. Therefore, if you don’t know about corporate governance, you better learn what it is and what it can do to your project management.

Project Management Governance Model Template and Governance PMO

WorkOtter

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What Makes Organisations Fail to Execute Their Strategy?

Strategy Execution | PMO Perspectives

I recently asked an executive where their organisation would be in 2 years’ time. All we need to do now is execute that strategy! So, assuming we actually have a strategy, what is it that goes wrong in execution? Executives must develop a clear strategy.

True Enterprise Governance – its more than just PPM!

MPUG

The governance processes which most IT organizations have developed and followed have to adopt to these conditions. I believe that moving to a comprehensive “ enterprise governance ” approach will help corporate executives properly tie together their corporate strategic planning, their portfolio/program/project planning and execution, and their end result “products” which programs and project produce. Strategic Planning and Execution.

10 Steps to Successful Process Governance

MavenLink

Consistency in execution and commitment to high quality of work are key success factors for every services business. Governance is made possible by implementing standardized practices, processes, and rules across the entire business.

The Road to Effective Project Management Governance

Project-Management.pm

What really is project management governance? With countless articles and books in the business spectrum conveying such practice, project management governance is in the sense, subjective. There’s no correct description of it and it’s safe to say that individuals or groups who employ and encounter project management governance have developed their own understanding of it. Governance and Decisions. To be more precise, project management governance.

Your Basic Guide to IT Project Governance Framework

Project-Management.pm

IT project governance framework has since been the answer to this equation, but people seemed not to fully grasp its function. This article tackles the importance and significance of IT Project Governance Framework and its impact on the projects in the organization. Project governance is crucial component of every project since the responsibilities that come with it are interconnected with different business cases, as well as the project’s overall success.

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. Kyle: Hello everyone, and welcome to today’s MPUG vendor showcase session, Triskell Software for Enterprise Governance. There’s about 20 of them, but there’s only three that have been in the software execution marketplace that Gartner identified the market guide.

Vendor Showcase Recap: Triskell Software for Enterprise Governance

MPUG

Please find below a transcription of the audio portion of Rich Murphy’s showcase session, Triskell Software for Enterprise Governance, being provided by MPUG for the convenience of our members. Kyle: Hello everyone, and welcome to today’s MPUG vendor showcase session, Triskell Software for Enterprise Governance. There’s about 20 of them, but there’s only three that have been in the software execution marketplace that Gartner identified the market guide.

Project Governance: Establishing an Effective Steering Committee

Strategy Execution | PMO Perspectives

Within the project management community, the concept of governance is seen as a fundamental project control, which is easy to grasp in principle. Getting the governance piece right requires insight and at times a few honest conversations about roles and responsibilities. Unfortunately, it’s not uncommon that I see projects with one of the following dysfunctions in the governance area: It’s unclear to the project manager who the sponsor is.

5 Governance Steps for Distributed Project Team Management

LiquidPlanner

Managing a distributed project team takes real skill and a definite commitment to putting a governance structure in place that enables success. Delivering Project Success via Good Governance. Governance is nothing more than how a project will be controlled to deliver intended outcomes. While a lot of effort can go into developing a viable governance structure, it doesn’t have to be that way on every project. Why is the project being executed?

Giveaway! Filling Execution Gaps

Girl's Guide to PM

Filling Execution Gaps , first appeared on Girl's Guide to Project Management. Today I have a fantastic book to share with you, Filling Execution Gaps: How Executives and Project Managers Turn Corporate Strategy into Successful Projects , by Todd C. Executive sponsorship. Effective governance. This article, Giveaway! It’s giveaway time!

Review: An executive’s guide to disciplined agile

Henny Portman

The book An executive’s guide to disciplined agile – Winning the race to business agility written by Scott W. Reasons to adopt a Disciplined DevOps approach are faster time to market, improved market competitiveness, improved customer service, increased dependability, increased staff retention, improved governance and lower cost. To order: An executive’s guide to disciplined agile – Winning the race to business agility.

How To Improve Execution

Project Management Hacks

3 Project Management Traps To Guard Against From digital transformation to Elon Musk’s vision to travel to Mars, a lack of vision is no longer the problem for corporate executives. Today, the real problem is execution. In many cases, the execution burden falls on the shoulders of project managers. Unfortunately, many executives are unsure how to manage their projects and project managers effectively. Executives know there is a time and place for conflict.

Efficient project governance should not be an oxymoron!

Kiron Bondale

Look up governance in Merriam-Webster’s dictionary and you’ll find this definition “ The way that a city, company, etc., is controlled by the people who run it “ This is certainly an appropriate meaning of the phrase when applied to corporate governance, but is not the most empowering vision for how projects need to be governed. Most staff would view governance as a necessary evil. So what should right-sized governance look like?

A Real-World Success Story: New Zealand Government Improves Project Delivery

Planview

Meeting the demands of ever-changing priorities within a government can lead to inconsistent processes, departments with limited visibility into what is being worked on, and no ability to monitor investments. New Zealand Government, like many other government agencies, was tasked with overcoming these obstacles to develop and manage project and investment portfolios to grow the economy to deliver greater prosperity, security, and opportunities for all citizens.

Why You Should Align Strategy, Financials, and Execution

Planview

Now, let’s get into the first two process areas by examining why it is crucial for your organization to align strategy, financials, and execution. Forward-thinking organizations incorporate business processes for governance and decision-making, particularly regarding which investments should be made during the strategic planning process and ongoing checkpoints.

Why Today’s Leaders are Seeking Executive Coaching

Appfluence

Background on Executive Coaching. Executive coaching is a 1.5 What is Executive Coaching? In 2004, Stratford Sherman and Alyssa Freas published an article on executive coaching in the Harvard Business Review. Executive Coaching, Age and Personal Liability.

Project Failure – Why it Happens

Online PM Courses

– 2 – Governance. Governance is hardly the most sexy of project management disciplines. Good governance is a cornerstone of project success, so poor governance inevitably leads to project failure. Lack of Governance Structure.

2018 197

So this is why project management is failing.

Ron Rosenhead

Project Review/governance – ensure that there is strong project management review alongside project governance in place (Governance refers to the set of policies, regulations, functions, processes, procedures and responsibilities that define the establishment, management and control of projects, programmes and portfolios.). Give that person executive authority – within the companies governance processes!

2017 143

Becoming An Effective Leader In Government & Beyond: An Interview With Steve Ressler, Founder of GovLoop

Project Management Hacks

Have you ever considered the public sector and government for your next career move? Governments face interesting problems and that means there are opportunities to deliver new projects. government to launching his own venture, GovLoop. My thanks to Winnie Liem and the PMI-SOC Government Community for introducing me to Steve. Where do you see major opportunities in government to improve productivity, service and other improvements?

2016 44

Rogue Project Sponsor: What to Do when Sponsorship goes Bad

Online PM Courses

Executive Project Sponsor / Project Director. Here, I recommend you work with them to craft an ‘Executive Project Sponsor’ role. Or maybe you’ll need to make the choices yourself, and take the governance risk on your own shoulders.

2018 214

Radio Show - April 13th 2018 - Get Executives To Act For Project Success - Michael O'Brochta

PM That Works

The Work/Life Balance Friday at 2 PM Pacific April 13th 2018:Get Executives To Act For Project Success - Michael O'Brochta Rick welcomes Michael O'Brochta back to the show announcing the release of his new book "How to Get Executives to Act for Project Success." Even world-class project managers will not succeed unless they get their executives to act for project success.

2018 40

Scheduling and Cost Control in a Complex Environment

Strategy Execution | PMO Perspectives

The recent UK Government’s enquiry into the management of major projects was cut short by world events, but the interim report and oral evidence make for interesting reading. [1] And of course, for our projects and our organisations, we don’t have Governments to bail us out.

How good are you at starting off your project?

Ron Rosenhead

I came across an interesting report published by the National Audit Office (NAO) – which exists to provide independent opinion and evidence to assist Parliament and hold government to account. In the executive summary the report says: One clear lesson we have learned from the evidence base which our back catalogue provides is that the quality of project initiation is highly predictive of project success.

2015 159

Collective belief and its possible impact on projects.

Ron Rosenhead

Project governance – many projects are risky. Surely the overall governance processes should have kicked in and stopped the project? Ideas need to be tested and even if there is a collective belief that it will benefit the company decisions need to be made; decisions which senior executives seem to duck because they do not use existing project management processes or are not aware of the of the situation they are in. The project is going well.

2016 149

The Executive-Project Manager Gap

Troubled and Failing Project

It was such an innocuous question, "Working on an article; what is the biggest problem you see with project governance at orgs? Where could I start—bureaucracy, draconian process, poor executive sponsorship, disengaged leaders? Then the maelstrom started and it went directly to the gap between the executives and projects managers. Governance & Definition

2015 32

Are your project management success rates improving?

Ron Rosenhead

Actively engaged executive sponsors continue to be the top driver of whether projects meet their original goals and business intent. ……. The best executive sponsors have detailed knowledge of a project and how it connects to business strategy. They use their position and authority to clear roadblocks, make quick and effective decisions, and influence executive leadership. project management governance governance project management project risks project sponsor

2017 109

The business case is implicit in what we do

Ron Rosenhead

She is a senior executive asking for some support. project management governance project management project management training project sponsor training sponsor training too many projectsNot my words but the words of a client. Below is the substance of the conversation starting with what do you mean by that? Client: Well, because of the nature of the business, it’s already within what we do. Ron Rosenhead (RR): Would you mind if I questioned that? Client: Well….yes yes …OK.

2016 192

The Project Revolution: How to Succeed in a Project Driven World

Strategy Execution | PMO Perspectives

In The Project Revolution , revolution means ‘popular and often forceful revolt against a government or social order’, here the traditional ‘silo-based’ nature of most organisations, and the absence of a ‘CPO’ that is, Chief Project, Program and Portfolio Officer, amongst the more commonly found C-Suite officers (I have just realised that this new officer should really be called C3PO, but no joke was intended!). Leadership Project Management Strategy Execution

2017 48

The Insights Behind the Project Management Trends

Strategy Execution | PMO Perspectives

Strategy Execution released the top ten trends for 2019 a few weeks ago and my first thoughts were; we’re seeing a lot of them in the PMO community which is both exciting and nerve-wracking at the same time. Take a look at Accenture’s 2019 Technology Trends Report to get a flavour of what is keeping executives awake at night (DARQ, DLT, AI are just some of them!) Programme Management is Maturing within Federal Government. Project Management Strategy Execution

Strategy Implementation Needs Great Portfolio Management

Strategy Execution | PMO Perspectives

In this article I talk about the latest developments in portfolio management, drawing on my own experience as Head of Portfolio Management for three leading multinationals, as well as the dozens of workshops with top executives and senior government officials that I have facilitated around the world. With the right portfolio management process, as well as an execution mindset in place, Nokia would still be one of the leading telecom operators in the world, I believe.

Project Status Reporting – 6 Key Considerations

Project Health Check

Once the planning is complete, the Project shifts into the main Execution phase which will form the vast bulk of the timeline. The Project should then be reporting its status regularly to senior management via a Status Report, as part of its overarching Governance arrangement. We’ve recently been involved in a review and update to the Project status reporting and governance structure for a major organisation with circa 150 Projects live projects at any one time.

2017 192

How to Build a Robust Project Risk Culture [8 Steps]

Online PM Courses

Your biggest wins will come from better governance, with little or no extra cost and time overhead. Your sponsor must win support across the top of your project’s governance structure, and among other senior people who need to be a part of your project process. Ideal opportunities are formal project reports and presentations – particularly to senior executives in your organization. And what about governance?

Risk 102

7 Ways to Sell Agile to Project Stakeholders

LiquidPlanner

Whether you’re making the move to Agile project management in your development group or creating an Agile process for your in-house project management methodology, chances are you’re going to have to sell this change to executives in your organization. said no corporate executive ever.

2018 739

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

Flawless Execution. Project Governance. Agile Software Development for Government Software Intensive System of Systems (SISoS) , Boulder Agile Meetup, 27 July 2016. Governance. Program Governance Roadmap. Principles of Program Governance. Making Agile Development Work in a Government Contracting Environment, Measuring Velocity with Earned Value , Glen B.

2003 45

How well do you organise yourselves

Ron Rosenhead

In an article published by the BBC the founder and Chief Executive said that it’s all about making the working day as efficient as possible. project management governance company policy courses in project management project management strategic directionOver many years I have asked many many groups of people who attend project management training courses the above question. The answers are clearly many and varied but one thing does stand out – the long hours worked by project staff.

2016 139

Compendium of Works to Increase Probability of Project Success

Herding Cats

Governance (#Governance). Six Business System Rule - defines the assessment of the integrated business systems for Federal procurement and their integrity in providing information to the Government contracting office. . Managing Government Grant Projects at Arizona Public Service - APS management process for Department of Energy grant for algae CO2 capture project. Governance.

2003 35

Why the Stage Gate Process will Make You a Better Project Manager

Online PM Courses

It is an important part of project governance that looks both backwards and forwards. Be carried out by suitably qualified, trained, or experienced executives or professionals; the Stage Gate Review Team. There, product managers created a five-stage process in 1986, which they called their ‘stage-gate innovation’ Then, in 1991, a senior Corning IT executive borrowed the process and moved it to a project environment.

Do we need a command and control approach to deal with this issue?

Ron Rosenhead

However…I can also see some advantages when it comes to monitoring and control of projects with project managers and executives (including project boards) knowing what their responsibilities are and acting on them. project management governance command and control project management training project monitoring trainingIt had been a good day, a long day but a very successful day.