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Project Management Ralf Muller, Project Governance: Fundamental of Project Management, Gower Publishing Limited, Farnham, 2009, 105pp. £25, Soft.
Corporate governance has come under an intense scrutiny in the recent years, following numerous high profile corporate collapses such as Enron, WorldCom and Satyam. Shareholders and other stakeholders are demanding increased accountability, transparency and ability to implement strategy.
Ralf Mullar has rightly mentioned that without a governance structure, organisations often run the risk of conflicts and inconsistencies between the various means to achieve organisational goals, the processes and resources, causing costly inefficiencies that impact negatively on both smooth running and bottom line profitability. However, the frequency of projects failing to meet these corporate objectives has focused attention firmly on the process of project governance. As projects and programmes are the vehicles for delivery of corporate strategies, project governance, within the corporate governance framework, has become a hot topic in the project driven organisations.
Successful projects don't happen by themselves. However, the success rate is bound to go up through effective project decision making process. Effective project governance is central to the effective decision making. In the recent years, therefore, project governance has become widely used term in the organisations. Project governance is a framework within which decisions are made upon the projects. Project governance...