What is governance?
The term governance can mean many things to many people, so let us first try to understand what governance exactly means.
This concept can be applied to several domains, so let’s break down from top to bottom:
Corporate governance refers to the rules, policies and processes (and in some cases, laws) by which businesses are operated, regulated and controlled.
These are often defined by a board of directors or shareholders, or the constitution of the organization; but they can also be defined by legislation, regulation, standards bodies or consumer groups.
Governance needs to be able to evaluate, direct and monitor the strategy, policies and plans.
- Ensures that policies and strategy are actually implemented, and that required processes are
- Governance includes defining roles and responsibilities, measuring and
reporting, and taking actions to resolve any issues identified.
The international standard for corporate governance of IT is ISO/IEC 38500.
Organizational Project Management Governance
Organizational Project Management Governance is a strategic business execution framework that utilizes portfolio and project manangement as well as organizational enabling practices to consistenly and predictably deliver organizational strategy to produce better performance, results and business value.
Portfolio governance refers to the systems and methods by which a portfolio and its strategies are defined, authorized, monitored, and supported. It also refers to the systems and methods by which the portfolio team monitors and manages the components of a portfolio. proper governance is essential and crucial to enforce accountability, optimize investments, escalate issues to decision makers, and improve communication.
Project Governance refers to the framework, functions and processes that drive activities of project management in order to create a product, service or unique result in order to fulfill strategic and operational objectives of the organization.
With KVASAR we help your company to define a Organizational Project Management Governance Framework using Lean Concepts ( Strategic themes, Portfolios, ValueStreams)
We will help you in implementing and managing an efficient IT governance framework for your organization or business unit while keeping it effectively aligned with the business.
Learn how our brand new platform KVASAR enables Lean Agile Governance using SAFE
Try this questionnaire to evaluate project management maturity in your organization!
The top reasons that our customers choose KVASAR over other solutions are:
- It is a complete IT Lean governance solution that helps you to manage the operational backbone processes of your organization, functional unit or business unit all in one centralized system.
- Highly intuitive SPA based web application.
- SAFE Framework Implementation out of the box: No extra configuration needed.
- REST API for integrations.
- We will help you to integrate with other tools to specialize processes.