Common deficiencies and risks in P3 Governance
OVERVIEW
As the Harvard Business Review recently noted, the future of work is increasingly project-based. In this emerging "Project Economy," projects are progressively replacing operations as the core economic driver. By 2027, it is anticipated that 88 million people worldwide will be employed in project management roles, with project-oriented economic activity valued at $20 trillion. Despite this shift, research consistently reveals that less than 50% of projects globally are successful, with many facing delays, cost overruns, and failure to meet objectives.
When major projects or programmes fail, reviews often highlight failings in governance, impacting organisations and their leadership.
The newly released Best Practice Guide for Project, Programme, and Portfolio Governance (P3G) has rapidly become the international standard for effective governance across these domains. Adrian Morey, co-author of the P3G Guide, will discuss:
• The common deficiencies and risks typically encountered in project, programme, and portfolio governance.
• How the P3G guide provides clear, actionable guidance for establishing effective governance at all levels, directly addressing these prevalent issues.
TAKEAWAYS
1. Understanding Governance Failures and Their Impact - Attendees will gain a clear understanding of how and why governance failures occur at the project, programme, and portfolio levels, and the significant impact these failures can have on P3 success.
2. Understanding the Global Standard for P3 Governance - The session will provide an overview of the Best Practice Guide for Project, Programme, and Portfolio Governance (P3G), which has become the global benchmark for effective governance.
3. Practical Strategies for Implementing Effective Governance - Attendees will learn practical strategies and tools for implementing the P3G best practices in their own projects and organizations.
4. Risk Identification and Mitigation Techniques - The session will cover common governance-related risks and offer techniques for identifying and mitigating these risks before they escalate.
5. Enhancing Leadership and Accountability in Projects - Effective governance is closely tied to leadership and accountability. The session will explore how strong governance frameworks can enhance leadership roles and clarify accountability at all levels.
SPEAKER
Market-Leading Advisor
Adrian Morey is a market-leading advisor, globally renowned author, and GAICD accredited board member, boasting an impactful three-decade career marked by consistently delivering breakthrough OUTCOMES.
Spanning the domains of infrastructure, technology, transformation and for-purpose, Adrian drives organisational success through:
•Design and implementation of tailored project, programme, and portfolio governance and management arrangements.
•Optimised project, programme, and portfolio capabilities (e.g. frameworks and functions) that deliver transformative value.
•Enhancing confidence in outcomes through expert assurance.
Based in Australia and operating both domestically and internationally, Adrian is particularly recognised as a global expert in project, programme and portfolio governance.
His indelible impact spans diverse industries, including water and energy, transport (road, rail, aviation, and ports), health, aged care, all levels of government, environment, science, education and training, social and community services, housing and property, sports and recreation, commercial and industrial sectors, primary industries, international development, and telecommunications.
Connect with the speaker
http://www.outcomeadvisory.com/
https://www.linkedin.com/in/adrianmorey/
ADDITIONAL INFORMATION
Event agenda:
5:45 PM | Chapter Event Opening
6:00 PM | Speaker Presentation Starts
7:30 PM | Presentation and Q&A Ends; Networking Opportunities
8:00 PM | Chapter Event Closes
Event Type: Hybrid | You can attend this event in person or join us via the link included in the Registration Confirmation email.
Refunds: You may request to cancel your registration for a full refund, up to five (5) working days before the date and time of the event. We will do our best to accommodate your needs.
Questions / Feedback: If you have any questions about our events or would like to provide feedback, please get in touch with our Events Team at events@pmiqld.org
