Theory and Implementation
This chapter addresses project governance in an OPM context. The OPM model elements addressed here are roles and institutions, such as steering groups or tactical project management offices (PMOs), policies that govern the execution of project management in organizations, relations, such as contracts and other agreements, as well as project management methodologies. This is set in the context of popular governance theories, such as agency theory, stewardship theory and transaction cost economics theory. Implications stemming from constraints imposed from higher management levels are discussed, as are the impacts of decisions in project governance on projects and their management.
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