ABSTRACT
This chapter introduces the need for and objectives of, governance of projects as temporary organizations. It examines the governance institutions required together with their respective roles and responsibilities. The chapter summarizes the existing governance standards and shows how they need to be applied with a different perspective to governance of projects and project management. The purpose of governance structures is the alignment of the objectives at the different management levels of the organization in order to allow for most effective and efficient project planning and execution, within the boundaries of corporate governance. The Office of Government Commerce (OGC) governance guidelines build on earlier standards such as PRINCE2 and are developed by UK government institutions. Similar to the governance guidelines from the Tasmanian Government, the OGC guideline is an extension of an existing methodology for management of projects and programs. Steering groups are ultimately responsible for project success and constitute the governance institution closest to project execution.
