Shortfall in the PMBOK Framework

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I believe there is a major shortfall in this framework - the lack of the concept of Governance, which might be an addendum to the 'control' lozenge. Most PMs success is measured on delivering projects to time cost and quality, delivery though is the key differentiating factor. A project may be delivering perfectly to TC&Q, but if external business environmental factors have shifted, and the project is no longer viable to deliver the product that then delivers the benefit needed, the project manager now has a conflict of interest... I believe you need governance that ultimately owns projects or programmes, that remove the PM conflict of interest. It is the Governance that can decide to shut down a project, because it can no longer meet the original benefits case. (...) Read more? Sign up for free

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		Andrew
	Response to Charlie Uk Don't agree. There is no conflict of interest. The (...)

		Anthony
	Response to Shortfall in the PMBOK Framework Partial agree with Andrew, there is no say on proj (...)

		Ravindra K
	About Governance in PMBOK In the third edition of PMBOK Governance is mentio (...)

		Padmanabhan
	Governance above Project Management level Projects are vehicles to achieve certain outcomes (...)

		Jean-Michel DE JAEGER, EMBA, PMP, Project Manager, France
	Governance in PMBOK Framework The PMBOK framework is a mono-project framework an (...)

		Charlie
	Response to Andrew My point is there is no governance... thats the p (...)

		Vito Madaio
	Governance or Managing Please, be careful with the meaning of "Governance (...)

		Karen
	Governance in the PMBOK The PMBOK is only one of many books of good practi (...)