A project manager is leading a high-risk, cross-functional project within an organization that has a well-established, centralized governance framework. Which of the following would be the most appropriate approach for the project manager to take when determining the project's governance structure?
Implement a completely autonomous governance structure that allows the project team to make decisions without external oversight
Align the project's governance structure with the organization's centralized governance framework while incorporating additional oversight measures to address the project's high-risk nature
Replicate the organization's centralized governance structure without any modifications for the project
Establish a project-specific governance structure that operates independently from the organization's governance framework
The most appropriate approach is to align the project's governance structure with the organization's existing centralized governance framework while incorporating additional oversight measures to address the project's high-risk nature. By replicating the organization's governance structure, the project manager ensures consistency and familiarity for stakeholders. However, given the project's high-risk profile, it is essential to include additional oversight measures, such as more frequent status reports, risk assessments, and decision checkpoints. While establishing a separate governance structure may seem appropriate for a high-risk project, it can lead to confusion and inefficiencies if it deviates significantly from the organization's established framework. Simply replicating the organizational governance structure without considering the project's risk level may not provide sufficient oversight, and completely autonomous governance may not align with the organization's centralized approach.
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