The Many Faces of “Governance”

Saturday, July 26, 2014

The term Governance is broadly-used in a variety of contexts; what they all have in common is leadership or governing, which explicitly involves informed decision-making.  However, there are many common elements of governance programs: 

 

  • Performance or quality management programs under the Governance umbrella typically rely on business analytics, performance metrics and business intelligence as supporting information for the leadership or governance of the organization.

  • Change Management is a form of Governance, as an explicit decision-making framework, including policies, procedures and technologies used to control change across designated areas of an organization, with varying levels of formality.

  • Portfolio Management, including Project Management Office operations, is a de facto governance framework, touching on many of the other elements named in this section.  Decisions about projects, prioritization, investment, changes, performance and enterprise impact are often facilitated through a PMO.  

  • Enterprise Architecture, including Business Architecture, Information Architecture and Technical Architecture, is also frequently associated with Governance programs because distributed decision-making across any level of an organization requires a clear, shared vocabulary and shared understanding of the impacted business processes, performance indicators, stakeholders, technologies and data.

  • Fiscal Governance is typically more mature in Public Sector organizations due to long-standing transparency and accounting standards and policies.  However, financial decision-making is often inseparable from Change Management and Portfolio Management programs, as each new project and change must be considered for financial impact and prioritization. 

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Barbara Nadalini Priesnitz

Barbara Nadalini Priesnitz is the principal consultant at Managed Governance LLC. 

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