Trust, but verify

Article Governance May 2011

PM Network

Hearns, Cillin

How to cite this article:

Hearns, C. (2011). Trust, but verify. PM Network, 25(5), 17.
Having a good project management structure in place provides assurance that professional project managers deliver when they have the freedom to exercise their skills and experience. This article features the project governance manager at a bank in Wellington, New Zealand, who discusses the company's approach to project management. In doing so, it describes how the company moved away from a traditional project management office model and split the function into two roles: enterprise portfolio manager and project governance manager. It also identifies the benefits that the project management structure brings to the bank. It concludes by discussing the impact of the bank's methodology on assessing and managing risks.
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