The goal for effective project management is to establish IT governance as a key stakeholder in all IT projects that are related to compliance, legal requirements and risks. However, the lack of alignment to project goals across stakeholders and poor communication of objectives and targets across the team hinders the ability to ensure success. By developing a formula in which IT governance tracks progress for the investments and solidifies partnerships across departments, organizations can foster awareness and transparency and prevents crisis situations.
- Setting up a governance framework and reporting structure, to guarantee portfolio and project success, while providing visibility to stakeholders
- Communicating the roles, duties and responsibilities of the project manager and project team members and fostering a team culture
- Establishing and developing continuous project monitoring systems and project reporting lines