Welcome to the Episode 6 of “The Gnosis Series”. Gnosis is a Greek word for Knowledge. This series includes short articles on Leadership, Management & Project Management which will enlighten my readers and motivate them.
So let’s start with topic of the day – Are you confused with Project Governance & Project Management?
Now a days, using the word GOVERNANCE has become very fashionable – Do you agree? Let me know in the comments …
Unfortunately, it’s very often misused to describe activities that are actually management, not governance.
In projects, we need to be careful of not confusing Project Governance & Project Management.
Project governance occurs mainly outside the traditional boundaries of a project. In general terms, it involves the board of an organisation (or their delegates) and the project sponsor (an executive manager) charged with leading the organisation to above-average performance while taking into account risk.
Project governance is about increasing the success rate of projects. It provides a way for directors and senior management to exercise effective oversight and ensure their strategies are implemented and their benefits realised. Project governance sits above and outside of the project management domain.
Based on material from Dr Raymond Young
Project management, on the other hand, is defined in PMBOK as:
… the application of knowledge, skills, tools and techniques to project activities to meet project requirements. In other words, it involves planning, organizing, monitoring and controlling the project activities in order to accomplish the project requirements.
So the difference between project governance and project management is considerable in FOCUS and INTENT.
Let me know your thoughts on this topic? And please check out my blogs related to this topic – The Gnosis series – Episode 4 – 5 pillars of Project Governance and Blog no. 9 – Ten mantras for successful project management
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Keep reading & stay safe ! 🙌🏻
You are right, term Project governance is overused these days. What we do is Project management ! Great article as always !