12.1 Enterprise Project Execution and Governance Part 1
6 hours 23 minutes
And welcome to
Lesson 12 part one Enterprise Project Execution and governance for Enterprise Project Management.
I'm cane, your instructor, and today we're gonna go over
some detailed specifications that have to do with
project governance during the project
planning and execution phase, but mostly woke sing on execution.
Now, the reason why I project governance is so important for enterprise projects,
Really, they're important for all projects. But
enterprise projects are so large,
uh, so complicated that
requires a strict and formalized
project governance process really to enable the project manager to be successful. So if you want to think and
and things in terms of your own selfish interests, it's in your own selfish best interest
to have a clear structure project governance
for your enterprise project
as early as feasible in the process. So obviously, you can
do this a little bit too soon,
kind of waste a lot of people's time,
but really, what you don't want to do is wait until the entire project planning process is done. You're out spending money doing development. Whatever the case might be before you stand up. A true project governance
So what we're gonna be covering
the PFC in the E S C. The PSC stands for
Project Steering Committee, and that's usually your immediate supervisory group That's directly above the project manager. And we'll go into obviously great detail into what that PFC. Is and how to
stand one up. And then you also have an E S C, which is the executive steering committee. Now the executive Steering Committee
will not necessarily be
super involved in the weekend week out activities of the project.
But they are like the name implies, you're senior level of leadership. They're the ones that are going to be making
the bigger, riskier, more expensive decisions around the projects. And they'll usually get
some sort of recommendation from the PSC
prior to making those decisions. So you have your project manager at sort of the hub of the project team and then immediately above them You have the PSC and then merely above them. You have your E S C on then usually
well, it varies. Sometimes The E S C has the project sponsor as a member, and sometimes the E S C reports to the project sponsor. If the sponsors, for example, the CEO or or somebody, you know, real high up in the food chain.
we're going to discuss the role and the benefits of having a PSC versus, not the composition of the PSC. Who do you want to invite? Would you not want to invite?
Who's gonna help Was gonna hurt
once you selected the PSC. What are some of the duties that you're going to need your PSC to perform? How did they impact
the project charter process specifically with signing the project Charter, doing the change control around the Project charter and then monitoring the project? And all of these are very important within project execution because
for a myriad of different reasons. But as you can imagine, there is some sort of strength and numbers. They're certainly
collaborative strength in numbers, but there's also political strength and numbers. And what I mean by that is,
as a loan project manager, you may be a consultant. You maybe, ah, contractor that's going to work on a project and then move on to a different company.
You're in the chorus. Depending on your organizational structure,
your political power may very well. Most likely it will be fairly limited
within the organization. Not always, but usually,
so when you start to think about
your project execution phase, especially for your enterprise
the strength in numbers of having the appropriate size PSC
who you can then turn to for guidance and receive clear direction
creates a pretty significant amount of political power
behind the project team in
the decision that you're making may or may not be popular.
But you know, there's an old joke from the military that don't ever be the highest ranking person with the secret
kind of the same thing. You don't want to be the highest ranking person within your organization that's making all of these decisions on enterprise project.
That's really a recipe for disaster. So a PSC again, to your own selfish interests,
and I don't mean that in, like, a cynical way. I mean, that is true. It's a good thing for the organization, but to your own selfish Project man injury and, uh,
one of you,
the PSC provides you
on additional layer of accountability and helps
support the decisions that are being made about the project. That is not just
you out there. Uh, as a lone person
trying to execute this this enterprise project.
So let's talk about the role and benefits of the PSC
and really before we can dive too deep into the roles. I really want you to focus in
on this first bullet and let me admin note real quick.
Feel free to use these slides that Aaron this video or some version thereof to provide your own PSC training. I used to do that quite a bit
with some of my larger projects. Where
once we stood the PSC up, the first meeting would actually be
a PFC training whereby the project manager or the PMO or whoever the person giving the training is kind of helps people visualize what their role is gonna be on the PSC.
So that's just a quick admin note.
Um, and you can see that reference down the bottom of the slide if you want to go look for the source material. But
a data point stand standpoint,
of all projects
experience scope, creep or uncontrolled changes,
and the cancellation rate
of enterprise projects, which are those typically above one million,
is almost half
so from a true p. M. My purest standpoint,
you can make the somewhat pessimistic statement
that over half of projects fail in some form or fashion. I don't mean failure like everybody takes their toys and goes home,
and the company goes bankrupt breathing like that. But
if you are
project manager and you are dedicated to that iron triangle that we talked about and it says you're gonna be on time on budget and provide the things that everybody agreed on needed to be provided
over half or get over half of projects or technically failures.
Now, a lot of reasons for this And there's a list right there in front of you, which will go into more detail later on in the course.
part of the reason why I use this slide in the beginning is because,
or the beginning of the section I should say is that
if this were easy,
everybody would do it. If this were easy,
we wouldn't have such a dedicated academic study into project management. But the reality is, it's not easy. It's very, very difficult
to get a project quarter full, correct