Project Governance Model for Melbourne Metro Rail Project

Running head: PROJECT GOVERNANCE MODEL
Project Governance Model for Melbourne Metro Rail Project
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PROJECT GOVERNANCE MODEL
Table of Contents
1. Introduction............................................................................................................................2
2. Six Elements contributing to Success of the Project..............................................................2
3. Project Governance Model.....................................................................................................6
4. Application of the Governance Model to the project of Melbourne Metro Rail...................8
5. Conclusion............................................................................................................................12
References................................................................................................................................14

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1. Introduction
Project governance can be stated as a vital component of any specific project work.
This is mainly because the responsibilities or accountabilities that are related to the
organizational business can be laid within governance arrangement. Hence, governing the
overall expansion of capital investment or project is possible (Muller 2017). There are three
distinctive pillars for supporting the project governance model, which include structure,
people and information. The following report outlines a brief discussion on the project
governance model for Melbourne Metro Rail project with relevant details. Proper application
of the governance model within this project will also be provided in the report.
2. Six Elements contributing to Success of the Project
The critical success factors or key result areas of any specific project eventually refer
to the various activities, required to be accomplished for project success (Too & Weaver
2014). There are five distinct factors that are responsible for bringing success in the project
(Joslin & Müller 2015). The first and foremost success factor is smart people. A proper
project management team is required to complete or execute pre-planned strategies. For this
reason, the major staff of the project, suppliers, stakeholders and project resources are termed
as the parts of that particular team.
Each of these included should have a distinct commitment to the group by sharing
similar ideas of the project and even striving for total project success (Biesenthal & Wilden
2014). The second factor is smart planning, where the entire planning of work sets up the
work to ensure success right from initiation phase. Planning could easily help out the project
group in meeting deadlines and staying systematized. Better planning is responsible for
keeping the project group focused or on track, and even keeping stakeholder completely
aware of the growth of the work (Ahola et al. 2014). The major advantages of smart planning

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PROJECT GOVERNANCE MODEL
include the establishment of a reliable as well as realistic timescale. Assurance of the correct
time for the cost estimates can make things much easier in a project progress.
The third factor is open communication and it is required that the team should remain
well-informed about the work (Samset & Volden 2016). Communication an effective method
to prevent any kind of problem and hence, it should be emphasized for improvising business
processes and policies. Communicating with the project stakeholders and even paying
subsequent attention is a vital requirement for becoming successful. The fourth factor is
careful risk management, where a risk log is being produced with a particular action plan to
deal with all types of risks, which work can face (Oakes 2016). Every key stakeholder is
needed to help with the issues or risks within the project and clients might not feel
comfortable with the overall progress of the project.
The fifth factor is project closure, in which, confirmation of the delivery of project,
release and testing should be approved on and retained off. The satisfaction survey is required
for ensuring that everything is running smoothly and there exists a high chance of successful
project result (Lundin et al. 2015). A successful project leads a proactive and organized end
product or increase in overall quality of the project work. There are six distinctive important
components of a successful project planning, viz. project scope, role and responsibility,
realistic project timescale, communication plans, risk management plans and finally tracking
of project (Hellström et al. 2013). The details of these six elements are as follows:
i) Project Scope: It is the significant part of project planning for effective
determination as well as documentation of a list of specified project objectives, tasks, costs,
deadlines and deliverables (Bekker 2014). During this project work, the documentation is
extremely helpful for the project team to remain absolutely focused on the tasks (Pinto 2014).
The scope statement even provides the subsequent project team with major guidelines to