The Board of Directors (or the ultimate Management
Executive team) are primarily
responsible for ensuring that projects contribute properly to the
long-term corporate goals and for high-level oversight of all projects.
Specifically, the Board's role includes:
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Set corporate objectives
Identify key projects
Appoint project sponsors
Approve budgets
Prioritise projects
Allocate budgets
Monitor progress - the "helicopter"
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Instruct changes in response to changed
business needs
Supervise the overall
allocation of staff resources to project activities
Intervene, when necessary, to stop,
redirect or amend projects using the information available from the
progress reports produced by the various Steering Committees
