2c) Aspects Of Project Management Governance

Question 1

Explain policies?

Answer 1

1. Policies

•Provide guidelines around business expectations and boundaries.

•Influence how the project is conducted and aligns with organisational culture.

•Support governance through control points (e.g., decision gates, audits, evaluation reviews).

Question 2

Explain Regulations?

Answer 2

2. Regulations

•Ensure project conforms to:

•Standards (legal, regulatory)
•Corporate, ethical, and professional standards.

Question 3

Explain processes, procedures and functions?

Answer 3

3. Processes, Procedures, and Functions

•Best practice to have these in place before work begins.

•Provide structured, standardised methods for:

• Managing risk
• Budget control
• Life cycle approach
• Ensure consistency of practice across the project.

Question 4

Explain delegated responsibility?

Answer 4

4. Delegated Responsibilities

•Clarity around roles improves efficiency during the project life cycle.

•Ensures all team members know what is expected of them.

•Roles/responsibilities should be clearly defined for transparency.

•Use tools like RAM or RACI for stakeholder oversight.