220 pages | 20 B/W Illus.
Although program management has received much attention in recent books, program governance remains a relatively new subject. While selected books and standards touch on this important topic, few are devoted to program governance as a subject. This book fills that need.
Program Governance provides a thorough understanding of governance while reviewing the underlying theories. The first book dedicated to this subject, it caters to the needs of practitioners, researchers, and students of management and governance.
The book provides a holistic view of program governance while covering multiple elements of program governance. Topics covered include the governance structure, governance roles, governance functions, governance mechanisms, factors influencing the governance framework, and different domains of programs that come under the jurisdiction of a governance framework.
The book presents the author’s own program governance framework, called the Contingent Governance Framework for Programs (CGFPrgTM), which is adaptable to suit different program contexts. This adaptability ensures that the different elements of governance, including structure and mechanisms, are aligned with program requirements. Such alignment results in an efficient and effective environment with an increased probability of program success.
The text supplies references to research and case studies to help readers understand key concepts in more detail. It also includes objectives at the end of each chapter to help readers gauge their knowledge of the subject.
The book clarifies the linkage/dependencies between program governance and other governance levels, such as international governance and corporate governance, which have a strong influence on governance framework for programs. It also explains the difference between the dynamics of temporary organizations, such as projects and programs, and permanent organizations. This distinction between temporary and permanent organizations provides readers with a practical understanding of how governance should be implemented in both types of organizations.
FOUNDATION OF GOVERNANCE
Governance at Multiple Levels
Transaction Cost Economics
Transactions—Core Elements and Attributes
Governance Structure Attributes
Hazards of Concern
Bilateral Dependency and Fundamental Transformation
Adaptation or Maladaptation
Linking Governance, Governance Structures, and Contracts
The Impact of Asset Specificity and Behavioral Assumptions on Contracts
Application to Projects and Programs
Agency Problems and Agency Loss
Agency Costs and Contracts
Application and Support
Resource Dependency Theory
Why Corporate Governance?
Defining Corporate Governance
Factors Affecting Corporate Governance and Its Evolution
Corporate Governance Institutions
The Board of Directors
Auditors and Their Independence
Functions of Corporate Governance
Reporting and Disclosure
The Human Side of Corporate Governance
Ethics and Ethical Compliance
Rationality and Behavioral Aspects
Design and Implementation Considerations
What Are Temporary Organizations?
Projects and Programs as Temporary Organizations
The Need for Integration
Uncertainty at the Core
Adaptability to Change
Program Life Cycle
External Context of the Program
Defining Program Governance
Why Should Programs Be Governed?
Program Governance Perspectives
Program Governance Domains
Program Structure and Processes
Escalated Risks and Issues
Program Governance Functions
Governance and Management Framework
Organizing and Structuring
Process and Mechanism
Ensuring Strategic Alignment
Directing Benefits Delivery
Interfacing and Coordination
Providing Governance Oversight
Support and Guidance
Monitoring and Control
Reporting and Communicating
Authorization and Approvals
Program Governance Institutions and Roles
The Board of Directors
The Program Governance Board
The Program Management Office
Generic Roles—The Broker and Steward
Program Governance Mechanisms
Stage Gate Reviews
Periodic Health Checks
On-Demand Consultation and Reviews
Planned and On-Demand Reporting
Factors Affecting Program Governance
Organizational Governance Paradigm
Legislation, Regulations, and Standards
Benefits Delivery Mechanisms
Program Uncertainty and Complexity
Program Life Cycle Stage
Program Strategic Value
Differences in Governance Regimes—Some Research
Contingent Governance Framework for Programs (CGFPrg™)
Aligning Agility and Discipline: Contingent Governance Framework for Programs
Governance Framework Elements
Guidelines to Implement a Contingent Governance Framework for Programs
Appendix: Glossary of Acronyms