Definition
Project governance establishes the framework for decision-making and accountability throughout a project's lifecycle. It defines the roles, responsibilities, and processes for managing a project, ensuring alignment with organizational objectives and stakeholder expectations. This framework guides how project decisions are made, how progress is monitored, and how risks are managed, providing a structured approach to project execution. Implementing robust project governance enhances transparency, promotes efficient resource allocation, and ultimately increases the likelihood of successful project outcomes. For instance, a steering committee acting as a governance body might approve major scope changes or budget adjustments. Project governance is distinct from project management, which focuses on the day-to-day execution, whereas governance sets the strategic direction and oversight. This concept is fundamental for PMP, CAPM, and PMI-ACP certifications.