Governance and Sponsorship
Good governance and sponsorship do not necessarily prevent a project or program from failure but the lack of, or inadequate sponsorship or governance can guarantee that a project/program will fail. Sponsorship and governance are critical for the successful delivery of projects and programs. These practices differ to operational governance practices.
Sponsorship and Governance are now being considered separate items in forward thinking organisations. Sponsorship builds the political support for the project or program, champions the change and enables the transition to stakeholders. Governance has a number of facets including structures, accountabilities, assurance and reporting processes, stewardship, decision making, and benefits.
The PMI (2015; 2014) shows that only 60% of projects or programs are successful. The statistics are not changing!
Smith (2003) found that only 19% of cultural change projects or programs are successful. Miller (2002) stated that 7 out of 10 change efforts fail to achieve their intended results:
- 28 % are abandoned before complete
- 46 % are behind schedule and over budget
- 80% are not used in the way they were envisaged
ICT governance is then conducted at the portfolio level to ensure ongoing strategic alignment and critical project program initiation/continuation investment decisions.
Dr Raymond Young, Macquarie University (Infonews NZ March 2010) reasoned that improved IT governance practices would:
- increase overall ROI for programs to between 135% and 240%
- increase Australia's national GDP by between 1.6% and 3.1%
Building project/program/portfolio sponsorship and governance practices and competencies provides practical results through involvement. We have found that sponsorship is not a well understood or practiced phenomenon.
Our involvement as an independent or non-executive director working with the EPMO or on the Project/Program Boards, enables the transfer our knowledge to you for the delivery of successful projects/programs. This will enable you to meet the new Australian standards on the measurement of leadership.
Alternatively, we offer a coaching service for Project/Program Managers which transfers our knowledge to build the types of leadership needed for the Sponsorship, Governance and delivery of successful projects/programs.