Week 6 Assignment 3: Information Governance

Information Governance

Introduction

Governance refers to a collection of planning, management and performance review and reporting processes that are based on the decision rights that form control and performance metrics over operational, investment and delivery services and change or new compliance and authorizations with laws, regulations and organizational policies. It is used in formalizing and clarifying accountability, oversight and decision rights (Fusco, 2007).

Discussion

Answer 1- Causes of Failures in Project Management

Most of the time, organizations experience problems and failures in their project management. These failures are mostly related to the time, cost and scope issues. There may be several pitfalls causing failure. Here are three basic reasons of causing project failure.

Lack of Visibility of all Projects

One of the common reasons of failure is based on visibility. The three major tiers of the project team including team members, project managers, and executive management and they all require access to the appropriate level of information at the most suitable time. It is often complained by executives that they do not have visibility into current enterprise projects. They do not event get access to the project schedules in real-time. The executives and the sponsors of the project do not have access to reports or schedules until it is too late (Kotnour, 2000). They do not have time to update the tasks on the schedule and review their impacts (Kerzner, 2008).

Gaps in Communication

In the process o project management, one of the common issues is communication. Mostly the project teams use email for communicating about their tasks and projects. So this causes the major complaint is that the communication is locked in mail box of each individual. So if a new resource is involved in the project management then there is no way to view the main project history. Executives are mostly dependent on monthly or weekly reports for project status. With this information is not limited to virtual communication. Project managers must make sure that while communicating and sending project relevant mail to any of their team member, they must click to reply to all. This keeps all the team members in a loop (Kotnour, 2000).

Unclear Project Objectives

In some cases, there are more opportunities and project initiatives for the organizations that they want to fulfill. When companies are embarked upon more initiatives then their workers are overloaded with work causing an unpleasant environment for them. In this context, the major role is played by the executives. The goals and strategies must be adequately defined. If there is any ambiguity for the top management in scheduling the tasks on the basis of priority then it causes complexities for the whole organization in performing the tasks. In many cases, management is too busy that it even forgets to give some time to meeting for discussing organizational goals and designing new strategies. By outlining these elements, many projects would be prevented from not achieving these goals. It is complaint by the managers most of the time that the deadlines and the stated budget are ...