CHAPTER 3

Governance in Strategic Projects

One of the most important duties of executive management is to determine the direction of the company. This is captured in the saying, “Leaders do the right thing, while managers do things right.” While leaders hold the responsibility for strategy, it is not necessary nor practical for leadership to carry out all activities necessitated by the strategic management process. Much of the work is delegated to project teams. How do leaders ensure that project teams carry out strategic management duties consistent with the requirements of company leadership? This is implemented by means of the controlled delegation made possible by governance of the process. The governance of project-led strategic management ...

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