Final answer:
Governance provides an overview of project management activities, a big picture of resource usage, risk assessment, a metric for measuring project improvement, and linkages between senior management and project execution.
Step-by-step explanation:
Governance provides several benefits to an organization. Firstly, it provides an overview of all project management activities, allowing for better coordination and tracking of projects. Secondly, governance offers a big picture of how organizational resources are being used, ensuring efficient allocation of resources.
Additionally, governance provides an assessment of the risk their portfolio of projects represents, helping the organization make informed decisions. It also offers a rough metric for measuring the improvement of managing projects relative to others in the industry, facilitating performance evaluation.
Lastly, governance establishes linkages of senior management with actual project execution management, promoting effective communication and alignment.