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New publication launch: Governance of Co-Owned Projects
Posted by Kirsten on 11th Jan 2017
How do you improve on perfection? That was the challenge facing the authors of a brand new APM publication, Governance of Co-Owned Projects, the successor to the highly-regarded Co-Directing Change publication.
“Feedback on Co-Directing Change indicated that whilst the guide was very good, it offered a ‘counsel of perfection’ rather than practical guidance for the imperfect world many project professionals face,” recalled Andy Murray, sponsor, from the APM Governance Specific Interest Group (SIG).
Building on the previous guide content, Governance of Co-Owned Projects is a direct response to the challenge of managing projects in an increasingly interconnected world, which includes the blurring of boundaries between government and non-government organisations, private enterprise, social enterprise, communities and individuals.
As the guide explains: ‘The challenge for organisations who sponsor or deliver co-owned projects is that traditional project management frameworks and methods are based on governance structures that assume a single hierarchical route for authority and accountability. This is rarely the case for co-owned projects, which is why organisations are rightly challenging whether their traditional governance arrangements are fit-for-purpose.’
Inside, readers will find the principles for the governance of co-owned projects, together with checklists and key questions for co-owners to ask. These cover a range of governance topics, from alignment of objectives to leadership and sponsorship roles and responsibilities.
Governance of Co-Owned Projects is aimed at those who influence corporate governance in organisations. This includes members of company boards, company directors and executives, project portfolio directors, project sponsors, project managers and other professionals with key governance or assurance roles.
Given the feedback on the original publication, the updated guide does not attempt to provide solutions to the challenges facing organisations that sponsor or deliver co-owned projects, but instead enables organisations to evaluate such challenges and assess how well they are set up to govern such projects.
Say the authors: "Use of this guide will help organisations proceed, with confidence, to maximise benefits from involvement in co-owned projects."
The guide is the latest in series of APM Governance SIG guides that includes Directing Change, Sponsoring Change and Directing Agile Change. APM members can claim their 10% discount by calling Turpin Distribution on +44 (0)1767 604951.
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It’s clear though that some projects combine great technical difficulty, huge budgets and complex stakeholder relationships. It has become custom and practice to refer to these projects as ‘megaprojects’...