Chapter 1
Foundations of Project Management
Course: Pmp Test Prep
Subject: Pmp
Chapter: Governance And Scope Performance Domains 5506 10742
Lesson 1: Governance: Value Creation, Governance Models, Metrics and Mechanisms
Governance is the framework that steers a project toward the value that justifies it — the system of oversight and correction that keeps decisions aligned with strategy. This lesson establishes what the Governance performance domain is and works through how governance is set up before any process runs: how it serves value creation across the five focus areas, the choice between structured and self-governed models, and the metrics and mechanisms that make governance effective regardless of model. It also covers the extra components predictive environments often require. The throughline is that governance is about applying the right amount of oversight — enough to keep a project aligned and accountable, but not so much that it wastes resources — and that this balance is a deliberate design decision the project manager makes for each project.