Question

List and describe strategies for maintaining good governance practices at the project level and organizational level.

Answer 1

Good governance is the key to success and creating reliability among the customers, stakeholders, shareholders, public and government. Good governance is essential in any kind of job and activities. Governance is controlling, monitoring, regulating and directing the group activities and overall organizational activities.

Strategies for maintaining good governance practices at the project level and organization level as follow-

1) The clarity in role and responsibilities- Clarity in role and responsibilities at the project level and organizational level will build a better work environment and productivity. The clarity in role and responsibilities is to create good governance at the workplace.

2) Rules and Regulations- Rules and regulations practices at the project level and organizational level are always establishing good governance.

3) Strong and clear communication - Strong and clear communication of information and guidelines will always develop good governance and creating a teamwork environment at the project level and organizational level.

4) Clear hierarchy structure- Clear hierarchy structure in a project and organization will always boost the good governance in the organizational level and at the project level.

5) Culture and ethics- Culture and ethics are playing an essential role in building project level and organizational level good governance.

6) Accountability - Accountability is creating team harmony and developing a serious attitude at the workplace and building faith in group and top management.    

7) Effective and visionary management- Effective and visionary management is vital for good governance because good governance much depends on the good team and visionary leadership.

8) Risk management plans- There should be risk management plans at the project level and organizational level for better governing the peoples and empowering the organization to tackle all types of risks at the workplace and during the business.

9) Employees and customers redressal center- There should be employees and customers’ redressal centers that work for resolving all types of conflicts and mismanagement at the workplace.