Project boards: Setting the tone
Conclusion: Project management principles and frameworks are now implemented in the majority of organisations, including public, commercial and the not-for-profit sectors across Australia. While project delivery metrics indicate an improvement in successful project execution there is still a concerning level of project failure (approximately 35 %). Project failure is extremely costly and while focus is on the project execution elements, many failures can be traced back to poor governance and decision making. Project boards set the tone and show the way forward for projects by helping to resolve challenges or to provide alternative actions. Their behaviour will be reflected whether the tone is positive or negative and has enormous impact.