What is a Project Portfolio Governance?

Project Portfolio Governance involves the processes used to identify, select, prioritize and monitor projects assisted or funded by the Information Technology Services (ITS) division at The University of Akron. These processes include:

  • Establishment of the process of project portfolio governance, the definition of roles and responsibilities associated with it, and its policies and procedures
  • Evaluation of project proposals to select those that provide the best investment of time and money for the resources available to The University
  • Definition of the desired outcome and value of proposed projects, the anticipated benefits and implementation and ongoing costs  
  • Control of the scope of projects as well as changes that are requested of projects
  • Monitor the progress of projects that have been approved and initiated insuring they meet the defined goals and objectives
  • Measure actual effort and costs of project tasks, deliverables and milestones against the planned values for these 
  • Action to put projects "on track" as project measures demonstrate the need including the escalation of issues that cannot be mitigated by the project management team and the PMO 
  • Improve The University's project delivery capability on a continual basis allowing it to complete projects in less time and for less cost while generating the maximum value