Project Governance & Decision Making
While many companies utilize a formal phase gate process with an executive governance team in place to make project go/no-go decisions, some have proven more effective than others. To meet product-driven business objectives, structuring governance and decision making processes to achieve clarity around the “who, what, when and how” is necessary.
A formal phase gate process with an appropriately staffed executive governance team can be leveraged by aligning gate decisions with portfolio objectives, establishing clear leadership and leaving implementation-level decisions to empowered project teams.
Effective project governance and decision making provides a necessary link between portfolio strategy and project execution, and helps companies to:
- Staff a complete multi-function governance team
- Utilize pre-established gate objectives and decision making criteria
- Align gate decisions with portfolio objectives
- Ensure proper resource allocation across all projects
- Make clear, unambiguous decisions that stick
Kalypso can provide strategic guidance and hands-on assistance to help you establish and maintain effective project governance by ensuring the governance team is staffed appropriately, their role is understood, and the necessary mechanisms and tools are in place for effective decision making.