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IPMA ITALY Journal of Applied Project Management
Volume 1 no. 3 (October 2015)
external partner who could influence management and help project
project or would be influenced by researchers and practicians grasp the
project is defined as project key to project management.
stakeholder. Project stakeholders play
a particular role and take some 2. Definition for project
corresponsive behaviors according to governance
their separate benefit appeals and
their project responsibilities. These roles Project governance is a new
reflect the relationships among project
stakeholders, and the relationships research field. Researchers have not
and stakeholders compose a dynamic
social network. In this network, yet reached a consensus on the
stakeholders exchange information,
resources and outcomes. And the connotation of project governance.
uncertainties of their behaviors would
be great risks of project management. Most researchers believe that project
Thus the substance of conducting
project management is managing the governance is a part or a further
dynamic relationship of project
stakeholders (Ding Ronggui, Zou Zuye, extension of corporate governance.
Liu Xingzhi, 2012). Therefore, the
project could be defined as a Association for Project
temporary stakeholder social network
infrastructure oriented to completing Management (APM) considers that
unique tasks. Correspondingly, project
management could be defined as a project governance is the governance
process of managing stakeholder
social network infrastructure to aimed at project activities which
complete project and satisfy the
stakeholders. belongs to corporate
These new definitions not only illustrate
project’s provisional and uniqueness, governance(OGC,2009). This definition
but also indicate that stakeholders are
the key factors of successful project balances the governance strategy of
management. Therefore, these
definitions reflect the uniqueness and the undertaken projects in the
key point of project management.
What’s more, they highlight the perspective of a single organization
significant feature that the project
success, which is the criterion of management. It does not consider the
project success transform from the
traditional standards including time, cross-organization project stakeholders
cost, and quality to satisfying
stakeholders. and is more similar to enterprise
The highlight of these features project management. Ralf Muller has
could help clarify the traits of project
emphasized that project governance
includes value system, responsibility,
procedure and policy which makes
projects serve for achieving
organizational goals and promotes the
project to the direction of achieving
the interests of both internal and
external stakeholders and company's
own interest (Muller,2011). This
definition emphasizes that
governance should be applied to
project management, project portfolio
management and project group
management which are all within the
framework of corporate governance.
Some scholars have partly
adopted the thought and basic
research methods of corporate
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