It’s hard to see what project governance really is, because it can often feel like an unnecessary burden on a very busy Project Manager. But it is VERY important in ensuring that a project is run and delivered as it should be.
Why would you stop a project before it even got started? Because the business benefits don’t stack up.
There has to be a good reason why time, money and resources are spent on changing something. That good reason is the business benefits that are going to be gained from making the change.
If a Project Control Board (PCB) is set up with the right people on it, and by this I mean, those with the level of decision making authority to be able to make decisions at a level to directly influence a project, then the project will be in the best state for it to deliver successfully.