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.

The Three Things Every Project Manager Must Know about Project Governance

Ron Rosenhead

It covers the very important topic of project governance. Project Governance is often seen as getting in the Way. Good Governance Adds Value. But good governance is not about meddling. Project governance is an essential discipline. So, if you had to know just three things about project governance, what would they be? Good Governance Sets Direction. This is a governance role. Good Governance Makes Decisions. That is governance.

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The influence of efficient projects, skilled project managers and quality reporting on Digital Transformation

PM Times

The post The influence of efficient projects, skilled project managers and quality reporting on Digital Transformation appeared first on Project Management Articles, Webinars, Templates and Jobs.

Nudges might lead to better project governance

Kiron Bondale

If a survey of teams was conducted to find out what they hated the most about working on projects, governance is likely to rank fairly high. Ask a group of project managers working for a large organization the same question and governance is likely to receive the most votes.

Government Lessons in People Over Process

Leading Answers

I was working for IBM at the time and was able to persuade my account manager to pitch the approach on one of our government projects. We were all set for a big client success and who better than the British Government for good publicity! Something I was not aware of at the time is how the career development process works within the government. Opportunities to influence the change initiative.

Governance and Estimating

Herding Cats

If your business is not subject to any external governance process, you’re free to spend your money as you please. But you’re not free to suggest your approach is applicable to those who are governed by external frameworks of spending and accountability for that spend, without a testable confirmation this idea doesn’t violate those governance principles. Governance includes: Responsibility for a specific duty, task, or decision. Authority to influence behaviours.

Government Lessons in People Over Process

Leading Answers

I was working for IBM at the time and was able to persuade my account manager to pitch the approach on one of our government projects. We were all set for a big client success and who better than the British Government for good publicity! Something I was not aware of at the time is how the career development process works within the government. Opportunities to influence the change initiative.

Context counts but whose?

Kiron Bondale

The industry we are in will influence and constrain our approach. The context of both the performing and receiving organizations will influence project approaches.

2021 173

The specifics of how you deliver really doesn’t matter (to your executives)

Kiron Bondale

And they must know how they can best use their power and influence to get their projects to succeed. Agile Facilitating Organization Change Governance Project Management improving project management project decision making Stakeholder analysis

2021 181

Impacts of traditional project funding models on agile delivery

Kiron Bondale

A key enterprise partner is the Finance department and the organization’s model for project funding will have significant influence over successful agile delivery. Agile Project Portfolio Management agile project management Change management governanceIn one of my previous articles I’d written about the need for change across multiple areas of an organization when undertaking an agile transformation.

2018 153

Does your company recognize “Here, there be (project) dragons”?

Kiron Bondale

Do governance bodies within most companies recognize when a proposed project or program is beyond its current capabilities and if so, how do they do this? The boundary between the first and the second zones tends to become clearer over time, and as a company matures, they will use that boundary to dictate staff assignments as well as the required level of governance. This is where the checks and balances of effective governance are crucial.

2018 146

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. We are therefore re-focusing our studies earlier in the project lifecycle to better assess the quality of, and to influence successful, project initiation. our examination of central government projects repeatedly shows that too few projects bring all of these factors together well.”.

2015 159

Project Status Reporting – 6 Key Considerations

Project Health Check

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. So there you go, some basic high level considerations for Status Reporting and Governance that we’ve used.

2017 192

A Compendium of Works to Increase the Probability of Project Success

Herding Cats

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. Influences on IT Strategy: How IT Strategy Impacts the Development of Systems Based on COTS Products. Making Agile Development Work in a Government Contracting Environment, Measuring Velocity with Earned Value , Glen B.

2008 45

Are your project management success rates improving?

Ron Rosenhead

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 sponsorThe latest PMI Pulse of the Profession Report said: “We are encouraged to see in this year’s Pulse of the Profession® that organizations are making progress—significant progress—as they are experiencing more success with implementing strategic initiatives.

2017 109

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

Online PM Courses

Some of my readers may hope to influence the risk culture of their whole organization. And the process for creating a robust risk management culture within your project can apply equally if you get a chance to influence your wider organization. Your biggest wins will come from better governance, with little or no extra cost and time overhead. And what about governance? A robust risk culture goes beyond having a strong basic risk management process.

Risk 81

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.

2015 37

How good is project sponsorship in your company?

Ron Rosenhead

develop your influencing skills – sometime your sponsor simply has no interest or no time. Use your new found skills to try and influence them or…. project sponsors courses in project management project management project management governance project management training project risks project sponsorI was talking with a prospective client (let’s call him Bob) on the telephone and he asked me what I thought was the biggest problem for project sponsors?

2016 147

Cultivating Adaptability and Resilience

International Institute for Learning

Your ability to recover from adversity is directly influenced by your attitude. Dionisio provides consulting and training services for LinkedIn Learning, academia, government and private industry. By Cyndi Synder Dionisio, Lead for the PMBOK ® Guide & President | Cynergy2.

2021 81

The Stakeholder Salience Model and How to Use It

Girl's Guide to PM

This is a measure of how much influence they have over actions and outcomes. Larger projects are likely to have higher numbers of people with power involved because they tend to attract greater corporate governance and oversight – so the top management likes to know what is going on.

2021 362

What is Stakeholder-led Project Management?

Girl's Guide to PM

In these projects, stakeholders are identified and communicated with in the ‘normal’ way, but their power and influence is relatively low. The final type of project at the other end of the continuum is where stakeholders have a lot of power and influence over the project.

2020 337

Project Management System: The Basics

Clarizen

The project team structure subsystem governs how project teams are organized into hierarchies. government agencies). The project planning subsystem governs all aspects of project planning across the portfolio. They are integrated and influence each other.

2020 124

The PM Skills You Can Forget About (And the Ones You Really Need to Know)

LiquidPlanner

We’ve moved on from the idea that a few impact and influence grids can actively manage other people’s behavior. The model of working with stakeholders today is more around how we engage people to support the project’s goals and use influencing, negotiating, teamwork and conflict management to effectively get work done through others. What are the project management skills that you really need to focus on today?

2018 532

DDSTOP The Saga Continues

Herding Cats

We were one of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Developing the estimate without contractor influence. Satisfy the governance and oversight requirements of the firm providing the money.

2019 37

Proceeding without contingency is irresponsible

Kiron Bondale

Is it sufficient to merely have the risks introduced by this action captured in a risk register, communicated to stakeholders and even signed off by the right governance bodies?

2021 274

Two Parallel Processes of Project Success - Both Value and Delivery are Needed

Herding Cats

Macroeconomics is the study of how people make decisions influenced by tax rates, interest rates, foreign policy, and trade policy. NoEstimates Estimating Fallacy of the Week Governance Performance-Based Project Management® PrinciplesThere's a popular phrase in some parts of the agile community that goes like this. We focus on value production, not delivery. This willfully ignores the principle of all business decision making in the presence of uncertainty.

2018 39

DDSTOP The Saga Continues

Herding Cats

We were one of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Developing the estimate without contractor influence. Satisfy the governance and oversight requirements of the firm providing the money.

7 Ways to Sell Agile to Project Stakeholders

LiquidPlanner

Here are some tips to get the word out that the business influencers are going Agile: Send them links to articles and blog posts that mention your competitors’ move to Agile. For example, the United States federal government adopting Agile has meant a rise in job openings requiring Agile project management expertise.

2018 603

Don’t ignore appetite when it comes to risk response!

Kiron Bondale

Stakeholders with a low appetite for a particular type of risk might influence a stronger risk response than is warranted which can impact efficiency. Risks can be positive or negative, but risk appetite usually has a greater influence on how we handle threats rather than opportunities.

Risk 181

The Death of Project Management

Girl's Guide to PM

Leadership is that branch of management concerning the development, nurturing and utilization of influence as way of motivating others to some end or objective. Bryan Barrow. This is a guest post by Bryan Barrow. After several years we seem, at last, to be over our fixation with zombies.

2020 371

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Although each uncertainty type is distinct, a single project may encounter some combination of four types: Variation – comes from many small influences and yields a range of values on a particular activity. Foreseen Uncertainty – are uncertainties identifiable and understood influences that the team cannot be sure will occur. Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management.

2017 37

DDSTOP The Saga Continues

Herding Cats

We were on of the first users of eXtreme Programming, long before Scrum was around and presented that early work in 2003, " Making Agile Development Work in a Government Contracting Environment, Measuring velocity with Earned Value." . Developing the estimate without contractor influence. Satisfy the governance and oversight requirements of the firm providing the money.

2018 33

Concept of Operations

Herding Cats

Describe those aspects of the physical environment, safety, security, and privacy that exert influence on the operation or operational environment of the proposed system. Agile Architecture Decision Making Governance Principles Project Management Systems TheoryOne of the root causes of project failure is the failure to apply the first principle of the five principles of project success. What does done look like in units of measure meaningful to the decision maker?

2017 34

INVEST, Scrum and Enterprise IT

Herding Cats

The direction of influence from one element to another is captured by an arrow in place of a simple link. NoEstimates Decision Making Estimating Governance Management Planning Principles Product Management Project Management Requirements Strategy Systems Theory Technical Performance MeasuresThe term INVEST is an acronym for good User Stories. I ndependent (of all others). N egotiable (not a specific contract for features). V aluable (to the business or the project).

2018 31

Why are people leaving project management?

Girl's Guide to PM

The buck stops with me but there are very few ways I can influence the direction of travel. However much you tailor and go light on governance, there is still some prioritizing, organizing and compromise with which projects are done and how they get done.

2021 328

AI in Project Management: An Interview with Lloyd Skinner

Girl's Guide to PM

When those tasks are automated, Lloyd believes the project manager can focus on human-based tasks like business change, “knocking heads together to get decisions”, governance, and stakeholder engagement. Lloyd Skinner. Where is artificial intelligence taking project management?

2021 394

3 Performance Domains in Project Management

Girl's Guide to PM

It’s the difference between doing a reasonable job and being seen as a strategic influencer at work. A Guide to the Project Management Body of Knowledge – ( PMBOK® Guide ) 7 th Edition represents a major shift in the way ‘how to do project management’ is presented by PMI.

2021 359

Value, Cost and Business Decision Making

Herding Cats

The best choice depends on our type of business, what influences our customers to buy and the nature of our competition. NoEstimates Business Decision Making Estimating Fallacy of the Week Governance Logical Fallacy Management Planning Principles Product Management Project ManagementIn Software Value of something is totally unrelated to Cost. This is a popular fallacy in the #Noestimates advocates vocabulary.

2018 34

How effective is your benefits management framework?

Kiron Bondale

This is especially true with discretionary investments as the benefits from mandatory projects are usually related to risk reduction and are usually immune to changes in strategic objectives or external environmental influences. This can be quite challenging with enterprise portfolios containing multiple interdependent projects and programs where a single Key Performance Indicator (KPI) might be influenced by a collection of projects.

2017 139

How to List Project Management Skills on Your Resume

Girl's Guide to PM

They include: Communication (written and verbal) Listening Stakeholder engagement Conflict management Negotiation Influencing Leadership Team building Change management.

2021 258