Project governance and ethics are part of the corporate vision and values that outline the purpose and aims of the company, together with details of the company’s culture, philosophy and the way the company intends to do business. It is, therefore, essential that the project leader understands the characteristics and features of project governance and ethics to be able to manage the process effectively.
This chapter will explain how to develop a project governance and project ethics framework.
The project leader’s challenge is to develop a project governance and project ethics framework at the project level that aligns with the company values and meets acceptable business and environmental practices.
The project lifecycle shows the relative positions of the corporate strategy phases, project phases and operation phases. The corporate vision and values phase (first phase) develops the corporate vision to give the company strategic direction, and also develops the corporate values to outline how the company intends to do business (see Figure 2.1 below).