Page 35 - ipma italy journal_vol 1_03_2015

IPMA ITALY Journal of Applied Project Management
stakeholders. Therefore, defining the
role taken by risk management
stakeholder and confirming the
control method of risk management
role can provide guarantees for
effectively monitoring project
management process. They can also
provide precondition for establishing
reliable management environment.
Besides, the project team needs
timely, appropriate evaluation and
incentives. The responsibility of
performance management largely
comes from its related organizations
rather than the project manager who
has little resources ownership.
In a word, the basic contents of
project governance are the setting of
project objectives, the definition of
project objectives implementation
mode, the monitoring of project
management process and
performance management, etc.
3.1. To set project objectives
Reasonable and effective objective is
essential for managers to make
correct judgments and decisions.
Specific project objectives are
essential to project success. With the
development of project
management, the focus of project
objective has been changing from the
iron triangle “duration, cost, quality” to
the satisfaction of project
stakeholders. The reason why project
can attract stakeholders to participate
is that stakeholders can achieve their
needs and values. The needs form the
driving force of the whole society
system, so as to projects. Project is the
carrier for stakeholders to realize their
needs. Stakeholder satisfaction has
become the most important criteria for
Volume 1 no. 3 (October 2015)
evaluating project success. The
expectations of project stakeholders
can’t be defined clearly and easily,
nor can they all be written in the
contract. Stakeholders usually use
descriptive words to illustrate
expectations. These expectations must
be excavated and defined as clear
and accurate requirements. Then it
can determine the criteria for project
success. In addition, there will be
conflicts between the needs of
different stakeholders. It must find ways
to resolve these conflicts and reach a
consensus between stakeholders in
the early stage of the project.
Therefore, the forming process of
project objectives should include
activities such as the mining and
expression of stakeholders’
expectations, the analysis of the
needs, and the resolution of conflicts.
Through a series of tools and methods,
vague expectations can be
transformed into clear and specific
objectives (Wang Yanwei,2010).
Project objectives are the integration
of the project stakeholders’ obvious
and potential needs. These
requirements have different ways of
expression, such as contracts and task
documents. The setting of project
objectives is the result of the game
between stakeholders’ needs, profits
and responsibilities. And the control of
the game process is an important part
of project governance.
3.2. To set project objectives
implementation approach
After the objective is determined,
another important content of project
governance is how to call the
organization resources effectively to
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