What are the key components of program governance?

Program governance plays a critical role in overseeing and guiding a program to ensure it meets its objectives and delivers value. The key components include decision-making frameworks and accountability structures. A decision-making framework establishes a systematic approach to making choices that align with the overall goals of the program. It helps ensure that all decisions are made in a consistent manner, according to predetermined criteria, which promotes transparency and trust.

Accountability structures are essential because they clarify who is responsible for what within the program. This includes defining the roles of various stakeholders, such as program managers, team members, and sponsors, and ensuring that there is a clear understanding of responsibilities and expectations. By having robust accountability structures, the program can more effectively manage resources, assess progress, and make informed adjustments as necessary. Together, these components foster good governance, which is essential for ensuring a program's success and alignment with organizational strategy.