Project Governance For Projects
In my previous article, I talked about all that you need to know about project and project management generally. In this article, I want to talk about all that you need to know about project phases and project governance for projects. Follow me as we are going to look at that together in this article.
Project phases…
A project phase is a group of related project activities that results in the completion of a major deliverable.
Each phase in a project is marked by the completion of one or more deliverables, the review and approval of which may occur before the project can go on to the next phase.
Documents and information that are created in one phase are used as input for the next phase. A project phase can contain more than one process group.
Project governance…
Project governance is a comprehensive methodology to control a project and ensure its success. it is carried out throughout the project life cycle of a project and provides guidance in the form of a project phase review, to monitor and control the project.
Every phase in the project is formally initiated to decide on the deliverables expected out of that phase.
A management review is performed at the start of every phase to decide whether to begin the activities of a particular phase.
This assumes significance in cases where the activities of the prior phase are not yet complete.
Governance activities …
At the beginning of each phase, it is a good practice to verify and validate the former assumptions made to the project, analyse risks, and explain in detail the processes required to achieve a phase’s deliverables.
After the key deliverables of a particular phase are produced, a phase end review is necessary to ensure completeness and acceptance.
Even though this method signifies the start of the subsequent phase, a phase can be closed or the project can be terminated when huge risks are involved for the project or when the objectives are no longer required.
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