IT Project Governance And Prince2 Project Management How To Keep Major IT Investments On The Rails
Title:
IT Project Governance And Prince2 Project Management: How To Keep Major IT Investments On The
Word Count:
1081
Summary:
IT project governance has emerged as one of the most vital corporate responsibilities. With te
Keywords:
Prince2, Prince 2, project governance, project management, system development
Article Body:
In today´s fast-changing information economy, IT project governance has emerged as one of the
No
1.
2.
3.
4.
5.
6.
large scale or business critical project should ever be managed on a standalone basis. The
Ensuring real business value through project and business alignment.
Controlling costs through centralisation.
Maximising resource allocation, particularly of high value resources.
Risk management through portfolio balancing.
Uniform application of best practice.
Organisational coherence.
IT decisions expose an organisation to significant risks ˘ financial, operational and competit
The board´s project governance responsibilities can be summarised as follows:
¯
To approve product initiation, manage the project portfolio and pull the plug on any u
¯
To make one or more non-executive board members specifically responsible for overseein
¯
To ensure clear accountability at all levels, with detailed, rigorously tested project
¯
To ensure that every project proposal contains a full business case with a fully coste
¯
To manage all IT related projects as part of a portfolio.
¯
To adopt and deploy a recognised project management methodology.
¯
To adopt a clearly defined risk management plan at programme and project level that re
¯
To institute a monitoring framework to inform the board of progress and provide an ear
¯
To commit funding only on a phased basis.
¯
To ensure that internal audit is capable and accountable directly to the board for pro
In selecting a project management methodology the organisation needs to choose an approach tha
Prince2
¯
¯
¯
¯
¯
project management uses a structured methodology, which means managing a project in a
A controlled and organised start, middle and end
Regular reviews of progress against plan and against the business case ¯ Flexible deci
Automatic management control of any deviations from the plan
The involvement of management and stakeholders at the right time and in the right plac
Good communications channels between the project, project management, and the rest of
The effectiveness of Prince2 project management results from its four cornerstones, which defi
Planned: Prince2 has a series of processes that cover all of the activities needed on a projec
Controlled: Prince2 project management divides a project into manageable stages, enabling effi
Results-driven: Project planning using Prince2 is product-based, which means the project plans
Measured: Any project using Prince2 is driven by the business case, which describes the organi
There are clear reasons why Prince2 project management has become the world´s leading methodol
This is a demo version of txt2pdf v.10.1
Developed by SANFACE Software http://www.sanface.com/
Available at http://www.sanface.com/txt2pdf.html
IT Project Governance And Prince2 Project Management: How To Keep Major IT Investments On The
Word Count:
1081
Summary:
IT project governance has emerged as one of the most vital corporate responsibilities. With te
Keywords:
Prince2, Prince 2, project governance, project management, system development
Article Body:
In today´s fast-changing information economy, IT project governance has emerged as one of the
No
1.
2.
3.
4.
5.
6.
large scale or business critical project should ever be managed on a standalone basis. The
Ensuring real business value through project and business alignment.
Controlling costs through centralisation.
Maximising resource allocation, particularly of high value resources.
Risk management through portfolio balancing.
Uniform application of best practice.
Organisational coherence.
IT decisions expose an organisation to significant risks ˘ financial, operational and competit
The board´s project governance responsibilities can be summarised as follows:
¯
To approve product initiation, manage the project portfolio and pull the plug on any u
¯
To make one or more non-executive board members specifically responsible for overseein
¯
To ensure clear accountability at all levels, with detailed, rigorously tested project
¯
To ensure that every project proposal contains a full business case with a fully coste
¯
To manage all IT related projects as part of a portfolio.
¯
To adopt and deploy a recognised project management methodology.
¯
To adopt a clearly defined risk management plan at programme and project level that re
¯
To institute a monitoring framework to inform the board of progress and provide an ear
¯
To commit funding only on a phased basis.
¯
To ensure that internal audit is capable and accountable directly to the board for pro
In selecting a project management methodology the organisation needs to choose an approach tha
Prince2
¯
¯
¯
¯
¯
project management uses a structured methodology, which means managing a project in a
A controlled and organised start, middle and end
Regular reviews of progress against plan and against the business case ¯ Flexible deci
Automatic management control of any deviations from the plan
The involvement of management and stakeholders at the right time and in the right plac
Good communications channels between the project, project management, and the rest of
The effectiveness of Prince2 project management results from its four cornerstones, which defi
Planned: Prince2 has a series of processes that cover all of the activities needed on a projec
Controlled: Prince2 project management divides a project into manageable stages, enabling effi
Results-driven: Project planning using Prince2 is product-based, which means the project plans
Measured: Any project using Prince2 is driven by the business case, which describes the organi
There are clear reasons why Prince2 project management has become the world´s leading methodol
This is a demo version of txt2pdf v.10.1
Developed by SANFACE Software http://www.sanface.com/
Available at http://www.sanface.com/txt2pdf.html