What is the primary goal of establishing project governance?

The primary goal of establishing project governance is to ensure accountability and transparency in decision-making. This framework is designed to outline the structure, roles, and responsibilities within a project or portfolio, thereby promoting ethical behavior and guiding project teams towards achieving organizational objectives.

Effective project governance involves setting clear policies, procedures, and standards that help manage stakeholder expectations and ensure that the project aligns with the strategic goals of the organization. By fostering an environment where decisions are made transparently and held accountable to the stakeholders involved, governance enables better oversight and can lead to more informed and timely project execution.

The focus on accountability helps to mitigate risks and encourages responsible resource utilization, while transparency builds trust among all parties involved. It enhances stakeholder engagement and ensures that everyone is informed of project progress and challenges, which is vital for successful project delivery.