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Article: How to survive the special project: most managers in banking and finance will be required to participate in managing a project at some stage in their career. knowing how to contribute to the governance process will be essential to its successful completion.(Project Management)
- Article from:
- Journal of Banking and Financial Services
- Article date:
- August 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Australian Institute of Banking and Finance. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Project governance is the management process that ensures a project is completed according to plan and that its ultimate business objectives or benefits are delivered. A project run with effective governance is characterised by timely completion of key tasks, clear communication between all parties and quick identification and resolution of issues.
A project is a planned undertaking that must deliver clearly defined business benefits by a clearly defined completion date. By its nature, a project will include an element of risk that is above and beyond the business risk of normal operations. It will require resources, staff and materials, some of which will need to ...