issues encountered within each project Ensure that required approvals and direction for the project is obtained at each appropriate stage of the project. Important specific elements of good project governance include: A compelling business case, stating the objects of the project and specifying the in-scope and out-of-scope aspects A mechanism to assess the compliance of the completed project to its original objectives Identifying all stakeholders with an interest in the project A defined method of communication to each stakeholder A set of business-level requirements as agreed by all stakeholders An agreed specification for the project deliverables The appointment of a project manager Clear assignment of project roles and responsibilities A current, published project plan that spans all project stages from project initiation through development to the transition to operations. A system of accurate upward status- and progress-reporting including time records. A central document repository for the project A centrally-held glossary of project terms A process for the management and resolution of issues that arise during the project A process for the recording and communication of risks identified during the project A standard for quality review of the key governance documents and of the project deliverables. See also Cost overrun References Patrick S. Renz: "Project Governance: Implementing Corporate Governance and Business Ethics in Nonprofit Organizations." Heidelberg: Physica-Verl., 2007. (Contributions to Economics) Ralf Müller: "Project Governance". Aldershot, UK: Gower Publishing, 2009. . Information technology governance Project management