One of the most critical factors that will influence the successful delivery of projects is project governance. Most projects fail because the project owners fail to invest in project governance at all or they only make a little effort which is not sufficient. But sometimes, there is just too much investment in project governance consulting but is there anything like too much?
Over-investing in the governance of your project will not lead to failure but sometimes it might mean you are putting too much money into something for which you are not going a commensurate return on investment. The situation can be particularly dire if the project governance is focused on the wrong areas. The project governance consulting that you are investing in may not be fit-for-purpose and this will have an adverse effect on your overall project success. There are various ways in which you can determine whether your project governance consulting is fit-for-purpose. Here is a look at some of these clues:
You are seeing too much of each other
Meeting too infrequently may mean a lack of commitment or delays in certain decisions that need to be taken urgently. On the other hand, meeting too frequently on even the most mundane of tasks may simply be a waste of quality time which could have been used on more valuable tasks. Project managers and other stakeholders have to be mindful of the finite amount of time that they have for collaboration. It is important to set the right balance and schedules for meetings, particularly during the critical junctures of project execution.
Have Project Assurance for Assurance-Sake
If there is a project assurance that is not delivering value for stakeholders, then it is advisable to discontinue the governance forum. Implementing project governance consulting for its own sake will easily strangle your project. For example, there could be slow decision-making process as well as longer timelines.
Is the Project governance consulting focused on the right areas?
This is one of the most important questions that you should ask yourself when you are planning to implement project governance. It should always be viewed as an enabler for ensuring successful project delivery. Smart project managers consider governance as the most important resource in any project.
Like every resource, governance is finite and must always be regarded as so. There is need for project owners to strike a balance as many of the stakeholders might also be having other jobs and time must, therefore, be used very widely.
Too Much Detail
A lot of detail can be good when it comes to implementing project governance but not always. Too much information can come in various ways. These include the following:-
· Some project managers generally feel compelled to report lots of details, sometimes unnecessarily.
· There are some project managers who feel that they need lots of information on their fingertips in order to make decisions.
When developing a project governance framework, too much detail may sometimes hinder efficient decision making. Whether it is p3o assistance or PMO portfolio management, information should be delivered in a crisp but efficient manner in order to ensure crisp decision-making. Hiring competent project governance consulting is one of the best ways of ensuring that your projects have the desired balance and systems in order to ensure efficient execution.