PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY BY: RIZWAN MUMTAZ DIRECTOR- PMI- AGC- BB

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY What is Governance? Governance is essentially reaching the desired outcomes of an endeavor consistently, reliably & predictably and understood effectively by all stakeholders for transparent management and control

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY Why is Governance Essential Good governance pre-empts scandals, fraud, and potential civil and criminal liability of the organization. Good governance enhances the reputation of the organization and makes it more attractive to customers, investors and service providers.

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY How should Governance be done: It is implemented through: Organizational Framework Creating Standards for Management of Projects Integrated Management Plan Stakeholders Engagement & Communication Plan Issue Resolution & Conflict Management Projects Tracking & Reporting

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY What is Project Governance Project Governance extends the principle of Governance into both the management of individual projects via Governance structures, and the management of projects at the business level. Modern Models for Project Governance structures include accountabilities and responsibilities for strategic decisions making. Implementation of this has a major positive effect on the quality and speed of decision making on important issues of the project.

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY Role of Governance in Project Management Relationship to Corporate Governance Effective achievement of Governance Business Assurance of Project Relationship with other Processes

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY Transparency Transparency is basically defined as openness and accountability in all areas of business. It depends on effective Governance Methodology shared with Stakeholders and practiced efficiently.

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY Transparent Project Management: Giving your Clients what they really want The Magic word of constructive communication between services provider and client is TRANSPARENCY. What are your clients looking for? Comprehensive and regular reports Feedback procedures Issue tracking tools A possibility to assess the general picture of project progress(at any stage)

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY Transparency in terms of modern Project Management Task setting and estimation Completeness and Wholeness Visibility of activities

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY Transparency in terms of modern Project Management Daily/weekly project reports Efficiency and work load tracking No interruptions or gaps in communication

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY Transparency in terms of modern Project Management Overall & individual statistics Openness

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY Essentials of Transparent Management in Major Projects Candid analysis of prevailing situation Develop a strategy of changes Rely on Professionals Research Work

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY Essentials of Transparent Management in Major Projects Make a test-drive for selected solution Adjust and deploy Teach and Train your staff

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY Conclusion : The intent of this presentation is to give an overview and impulse for the basic steps. On gaining personal experiences as per these guidelines, unique set of tools and processes need to be deployed to facilitate sincere governance and transparent practices in projects, right from inception to achieve best possible results.

PROJECT MANAGEMENT FACILITATES GOVERNANCE & TRANSPARENCY THANK YOU Presented by: RIZWAN MUMTAZ DIRECTOR- PMI- AGC- BB Be ready to deal with more efficient performance