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The Core Functions of Project Governance

10 pagesPublished: October 23, 2017

Abstract

Research in the realm of projects is increasingly turning its focus on governance. Much has been written on the importance of good governance and the clear link between good governance and project success. However, few have delved into delineating the core functions of governance that is central to good governance. In this conceptual paper, we examine existing research ideas and concepts of project governance to develop a framework to add to the knowledge base of this subject. This paper proposes six core functions of project governance. They include (1) determining the objective, (2) determining the ethics, (3) creating the culture, (4) designing and implementing the governance structure, (5) ensuring accountability by management and (6) ensuring compliance. The framework described in this paper can provide guidance to organizations in the development of effective project governance to optimize the management of projects.

Keyphrases: Governance Functions, Project Governance, Project Values

In: Marsha Lamb (editor). AUBEA 2017: Australasian Universities Building Education Association Conference 2017, vol 1, pages 119--128

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