ABSTRACT
This chapter provides a guide on developing a governance board, while reviewing its membership, responsibilities, and deliverables that are produced to ensure its success. Project and portfolio governance refers to the framework that an organization may establish to make decisions on the relevancy and priority of new project requests. A project and portfolio governance management strategy will provide the appropriate accountability, direction, and oversight for all Information Technology (IT) projects. By setting up the governance committee in this way, there is greater pressure on the organization to provide accountability for IT projects. The type and quantity of requests that are reviewed by the governance committee will depend on the frequency of meetings. After new projects have been reviewed, the governance committee should also take on a role of active monitoring of existing projects. The decisions and recommendations from the governance committee meeting should be fully documented and presented to senior C-suite leadership within a week of the meeting.
