PROJMGNT 7012 - Project Governance and Contracts

Despite the application of the key project management elements, evidence indicates that there still exists a high proportion of project problems experienced during the 'delivery' phase of a project (resulting in schedule delays, cost overruns and/or quality concerns). Clearly developing a project management plan does not necessarily guarantee project success for the project manager. Project governance and contracting decision making need to be aligned with the organisation's governance model across the entire project lifecycle and therefore is a critical element of any project. This course develops the competencies for establishing and maintaining an effective project governance framework that enables and informs effective project decision making. It covers the key project governance and contract principles, in support of the 'prudency' and 'efficiency' of the capital spend for all linear type projects.