Governance

Question 1

What is Governance?

Answer 1

The Framework of authority and accountability that defines and controls the outputs, outcomes and benefits from projects, programmes and portfolios.

Question 2

What are the four types of Governance?

Answer 2

Policies
Regulations
Process, procedures and functions
Delegated responsibility

Question 3

What are Policies?

Answer 3

Guidelines for everyone in an organisation
High level governance

Question 4

What are regulations

Answer 4

• Relate to day-to-day delivery
• Specific control – give confidence to sponsors
• Determine the exact health and safety provisions your business / project must follow

Question 5

What are Processes, procedures and functions?

Answer 5

Life cycles, risk management etc.

Question 6

What are Delegated responsibilities?

Answer 6

Roles which define who must carry which responsibilities out.

Question 7

What role does Governance play regarding financial authority in a linear project?

Answer 7

• Governance framework defines limits of Financial authority
• Funding normally released at stage gates

Question 8

What are the limits of financial authority in an iterative project

Answer 8

• Cost for timebox is fixed
• Funding released for each sprint or increment
• Based on requirements to be delivered

Question 9

What is the impact of a Linear life cycle on governance framework?

Answer 9

• Highly structured
• Authority to move to next phase given at decision gates
• Assurance and reporting within phase and at decision gates

Question 10

What is the impact of an Iterative life cycle on governance framework?

Answer 10

-Integration of governance roles into the project team
-Governance is embedded but typically more flexible

Question 11

What is the impact of a Hybrid life cycle on governance structure

Answer 11

• Governance is structured and embedded for each phase, with more flexibility at the delivery level

Question 12

What is a Project?

Answer 12

A project is a unique, transient endeavour, undertaken to achieve planned objectives, which could be defined in terms of outputs, outcomes or benefits.

Question 13

What is a programme?

Answer 13

A unique, transient strategic endeavour undertaken to achieve beneficial change and incorporating a group of related projects and business-as-usual (steady-state) activities

Question 14

what is a portfolio?

Answer 14

A collection of projects and/or programmes used to structure and manage investments at an organisational or functional level to optimise strategic benefits or operational efficiency.