Assurance of compliance and the right level of governance
So far, we have delved into how an organization can meet the needs of the many people that are either involved with the organization or surround the organization.
Let’s put things into perspective – governance is the framework of authority and accountability that defines and controls the outputs, outcomes, and benefits from projects, programs, and portfolios. Governance is the mechanism whereby the investing organization exerts financial and technical control over the deployment of the work and the realization of the value it creates every day.
Assurance is the process of providing confidence to stakeholders that projects, programs, and portfolios will achieve their objectives to the end of beneficial change. Assurance can also be applied to compliance, where it can make sure that the organization has all the requirements to meet the regulations and standards that apply to it. As we can see from Figure 6...