Annotated Bibliography: Project Governance and Performance Indicators

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Annotated Bibliography
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This annotated bibliography examines two key resources in the field of project management. The first entry is a journal article that explores performance indicators for enhancing project governance, focusing on reporting, disclosure components, and the importance of reliable information for different levels of governance. The article reviews the relevance of various performance indicators and how project governance paradigms influence perception. The second entry is a book that focuses on project governance as a tool for effective decision-making, emphasizing the framework within which project decisions are made. The book explores connections between committees, executives, and boards and discusses key principles for establishing good project governance, addressing stakeholder requirements, and ensuring effective project outcomes. Both resources contribute to a deeper understanding of project management.
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Running head: ANNOTATED BIBLIOGRAPHY ON PROJECT MANAGEMNT
ANNOTATED BIBLIOGRAPHY ON PROJECT MANAGEMNT
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Running head: ANNOTATED BIBLIOGRAPHY ON PROJECT MANAGEMNT
do Rosário Bernardo, M., 2014. Performance Indicators for enhancing governance of
projects. Procedia-Social and Behavioral Sciences, 119, pp.55-64.
The article explores the indicators of performance in order to enhance the governance of
projects. The paper begins by stating that the scope of research in the area of project governance,
portfolios and programs. In this regard, the paper stated that the progress of research is
progressing rapidly. However the serious or mature nature of research is lacking in this particular
sphere. Generally most of the research in this area focuses on the two approaches. Of them, the
first approach relates to the governance of multi farm projects while the second project focuses
on the corporate project governance. Thus the addressing area of the paper is the reporting and
the disclosure components of governance. This area falls under the second approach of
governance. The paper precedes the discussion by elaborating on the importance of reporting and
the disclosure components of governance. As stated in the study, the purpose of the reporting and
the disclosure components of governance is to assure the perfect alignment of programs, projects
and portfolio with the objectives of the corporation and the expectation of the stakeholders. The
paper suggests that the controlling system of performance indicator of the organization’s project
must give information that is reliable. The information needs to reliable because the different
levels of governance require this information to govern the projects effectively. The different
levels of governance comprise executive board level, contextual level and the individual project
level. Therefore this understandable as well as whole set of indicators of performance over the
life cycle of project is essential as a most important part aspect in order to analyze and then
improve the structure puff governance, principles, ditties and policies which are applied to the
programs, portfolios and the projects. Thus the paper stated that the study is an interim result of a
research which is in progress. The aim of the paper is to analyze the relevance’s of the several
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Running head: ANNOTATED BIBLIOGRAPHY ON PROJECT MANAGEMNT
performance indicators of the projects. In this regard, it must be mentioned that the relevance’s
are already perceived. This part of the discussion is in the context of the governance of the
programs, portfolios and projects. The paper also intends to analyze the factor that in what
situation the governance of paradigm of projects, governance of structure level of project and
contract types of projects influences the above mentioned aspect of perception.
The paper gives an overview of the topic as to what is the development in this area
including what methods or tools or techniques are used in project management in order to assure
the success of the project. In the section of introduction, the paper gives an outline of the whole
course of the discussion. The discussion proceeds by describing the overview of the topic of
corporate governance. In this regard, the different theories of corporate governance like Agency
theory, stewardship theory, shareholder theory, stakeholder theory, transaction cost economics,
trust and control, Appling corporate governance theories to the project’s field have mentioned
and discussed in detail. The further discussion of the article includes the governance that is
applied to the project. According to the paper, the project governance has been broadly used over
the years. The study gives definitions of both the terms governance and management. In the later
part of the discussion, the paper gives the detailed analysis of the concept of project governance.
Additionally, the paper discusses the how the framework of the projects are governed while
gives an idea of performance indicators. The whole paper has reviewed different literature in
relation with the discussion of the study. Thus it can be said that the paper is a literature review.
The paper concludes by stating the findings as reporting and the disclosure is the main
components of governance of projects which focuses on monitoring the programs, portfolios and
projects.
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Running head: ANNOTATED BIBLIOGRAPHY ON PROJECT MANAGEMNT
Garland, R., 2009. Project Governance: A practical guide to effective project decision making.
Kogan Page Publishers.
The above mentioned book exclusively sheds light on the project governance by giving
practical experienced. As per the suggestion of the book, project governance is the effective tool
for decision making in projects. the book stated that project governance has been described as the
framework within which the decisions of projects are constructed. Project governance
implements the structure which is developed with the terms of reference of several bodies of
governance and its role indicates the responsibilities and liabilities of the personnel who work
with the arrangements of decision making. As per the book’s opinion, project governance is the
most integral part of the delivery of project. The author of the book explored an unworkable as
well as complex set of connection between different comities, executives and boards. The
exploration is done without any clear as well as logical arrangements of project governance. The
discussion of the book is based on an organization. Thus, the book stated that the author had
offered an investigation in this area as the company possessed a huge as well as increasing
program of capital work and also because the author had the acquaintance in order to create
something which is actually workable.
The book precedes the discussion by stating the author’s first step of investigation. The
author stated that the primary purpose was to determine what the models are and information
regarding project governance already existed. It has been said by the author that the process
followed was not actually fruitful and revealed very less information which addresses
specifically the governance of projects. The author of the book acknowledged that there has
some research work in this area. To name, the Prince 2 methodology of project management
deserves mention. However, the information regarding project management had a tendency of
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being peripheral instead of being the central focus. As stated in the book, the required something
more information than what was available. The author needed to understand the key principles
that established the good governance of project. Along with that, the author also wanted to know
how the requirement of the stakeholders was addressed by the structure of governance. The goal
of the author includes how can be effective and right people appointed in the structure of project
governance so that the effective project outcomes can be assured. The author also wanted to
understand how the arrangements of project governance can be scaled in order to meet the
requirement of the projects along with differ the risk profiles. There were two primary reasons
for which the book has been written. The main reason was that very less research has been done
in the area therefore there were very less guidance on the concept of project management while
the second reason was regarding the framework which is of greatest importance.
As per the suggestion of the book, project governance is the effective tool for decision
making in projects. the book stated that project governance has been described as the framework
within which the decisions of projects are constructed. Project governance implements the
structure which is developed with the terms of reference of several bodies of governance and its
role indicates the responsibilities and liabilities of the personnel who work with the arrangements
of decision making. As per the book’s opinion, project governance is the most integral part of the
delivery of project. The author of the book explored an unworkable as well as complex set of
connection between different comities, executives and boards. The exploration is done without
any clear as well as logical arrangements of project governance. The author stated that the
primary purpose was to determine what the models are and information regarding project
governance already existed. It has been said by the author that the process followed was not
actually fruitful and revealed very less information which addresses specifically the governance
Document Page
Running head: ANNOTATED BIBLIOGRAPHY ON PROJECT MANAGEMNT
of projects. The author of the book acknowledged that there has some research work in this area.
The author needed to understand the key principles that established the good governance of
project. Along with that, the author also wanted to know how the requirement of the stakeholders
was addressed by the structure of governance. The goal of the author includes how can be
effective and right people appointed in the structure of project governance so that the effective
project outcomes can be assured.
Document Page
Running head: ANNOTATED BIBLIOGRAPHY ON PROJECT MANAGEMNT
Bibliography
do Rosário Bernardo, M., 2014. Performance Indicators for enhancing governance of
projects. Procedia-Social and Behavioral Sciences, 119, pp.55-64.
Garland, R., 2009. Project Governance: A practical guide to effective project decision making.
Kogan Page Publishers.
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