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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		Response to Charlie Uk Andrew
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		Response to Shortfall in the PMBOK Framework Anthony
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		About Governance in PMBOK Ravindra K
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		Governance above Project Management level Padmanabhan
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		Governance in PMBOK Framework Jean-Michel DE JAEGER, EMBA, PMP, Project Manager, France, Moderator
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		Response to Andrew Charlie
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		Governance or Managing Vito Madaio
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		Governance in the PMBOK Karen
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