What are the most innovative approaches to project governance?

1 Agile Governance

Agile governance is an approach that adapts the principles and practices of agile methodologies, such as Scrum, Kanban, or Lean, to the project governance framework. Agile governance emphasizes collaboration, flexibility, feedback, and value delivery over rigid structure, documentation, control, and compliance. Agile governance allows the project team to respond quickly to changing requirements, risks, and opportunities, while ensuring alignment with the project vision and stakeholder needs. Agile governance also promotes transparency, accountability, and learning through frequent communication, reviews, and retrospectives.

2 Dynamic Governance

Dynamic governance is an approach that applies the concepts and techniques of systems thinking and complexity theory to the project governance framework. Dynamic governance recognizes that projects are complex adaptive systems that operate in uncertain and unpredictable environments. Dynamic governance enables the project team to cope with complexity and uncertainty by using iterative cycles of sensing, learning, and adapting. Dynamic governance also fosters self-organization, empowerment, and innovation by allowing the project team to make decisions based on local information and feedback loops.

3 Adaptive Governance

Adaptive governance is an approach that integrates the principles and practices of agile governance and dynamic governance. Adaptive governance combines the flexibility and responsiveness of agile governance with the systems and complexity awareness of dynamic governance. Adaptive governance empowers the project team to deliver value and achieve outcomes in a fast-changing and complex context, while maintaining alignment with the project purpose and stakeholder expectations. Adaptive governance also supports continuous improvement and learning by encouraging experimentation, reflection, and feedback.

4 Collaborative Governance

Collaborative governance is an approach that leverages the power and potential of collaboration and co-creation among the project stakeholders. Collaborative governance involves engaging and involving the project stakeholders in the project governance framework, from defining the project vision and objectives, to designing and implementing the project processes and deliverables, to evaluating and improving the project performance and results. Collaborative governance builds trust, commitment, and ownership among the project stakeholders, while enhancing the quality and relevance of the project outputs and outcomes.

5 Holistic Governance

Holistic governance is an approach that considers the broader and deeper impacts and implications of the project on the people, planet, and profit. Holistic governance incorporates the principles and practices of sustainability, ethics, and social responsibility into the project governance framework. Holistic governance ensures that the project contributes to the well-being and development of the project stakeholders and the society at large, while minimizing the negative effects and risks on the environment and the economy. Holistic governance also creates value and meaning for the project team and the project beneficiaries by aligning the project with the values and vision of the organization and the community.